Oracle Shows Exit To Over 3000 Employees In Its Health IT Acquisition Unit Cerner
The Cloud Major, Oracle has reportedly fired 3000 employees from its Cerner Healthtech Unit out of a 28000 total workforce.
Oracle sacked more than 3000 employees from Health IT arm Cerner this month, in tune with the layoffs handed out by its industry peers.
The Cloud major had held back the promotions and hikes of many of its current and former employees, whilst announcing that none of the employees should be expecting any raise or step up during the whole of 2023.
Oracle had reportedly acquired the electronic healthcare records firm Cerner on 7 June 2022 at a valuation of 28.4 billion dollars, and it brought forth 28000 employees worldwide, with 250 experts reigning from the Asia-Pacific (APAC) region.
The agreement to buy the Cerner Corporation by Oracle had kicked off on 20 December 2021 with the stipulated exchange of amount.
The third largest software company in the world had axed out about 200 workforce in November last year from the operations and support, Oracle Cloud Infrastructure (OCI) object storage and engineering architecture.
The recent layoff affected the work base from different departments including engineering, marketing, accounting, product, and legal.
Headquartered in Austin, Texas, the American multinational software company did not make any comments on the publicized slacking.
The third quarter saw the operating income of the Cloud giant to be 3.3 billion dollars on February 28.
In spite of that, this comes down as a decline of 18 per cent from a Year-over-year (YoY) revenue of 2.3 billion dollars.
The latest fiscal quarter noticed the overall sales of Oracle jump to 18 per cent YoY, whereas a jump of 37 per cent YoY was observed at its comprehensive operating expense to 9.2 billion dollars.
A national health records database is under development by the Cloud Major Oracle, which will also feature the patient engagement system.
Nonetheless, the Chief Technology Officer and Chairman of Oracle, Larry Ellison, stated that all the patient data would be anonymized, until a proper consent is given by the individual themselves to publicize the information.
Cerner already contained the robust data ownership feature as well as measures to protect the information of its customers against theft and hacking.
Oracle is dedicated to roll out the capacity of the patient engagement system to collect input from home diagnostics units and wearable.
The PES which the company will introduce was underway since the time the Coronavirus pandemic stuck.
The Cerner Corporation was founded by Neal Patterson in 1979 to provide health information technology services ranging from electronic health records to medical devices to hardware.
The digital amenities enable medical professionals in the health systems and hospitals to deliver effective healthcare to individual communities and patients.
Meanwhile, around the world, the major companies are spotting a redundancy spree.
A fresh round of firing has been taken up by Amazon India in People Experience and Technology Solutions (PXT) and Amazon Web Services (AWS) involving around 500 employees.
Andy Jassy, CEO of Amazon, had contended in March 2023 that the downsizing of the company would cost the employment workforce of about 9000 jobs in the advertising, cloud services and the Twitch units.
Many workers from the Indian Amazon team have already been handed the pink slips.
Nowhere to the above layoff reports, the Senior Vice President of the Global HCM Product Strategy in Oracle, Yvette Cameron, stresses the significance of mental health and well being that the employer should consider for their employees.
Yvett also pointed out the Oracle had held a survey on AI at Work, to which 96 per cent of the Indians voiced that the meaning of success has changed in terms of work flexibility and mental health.
Cameron further highlighted that most of the workspace is now being taken over by the AI (Artificial Intelligence) due to which a lot of redundancy is taking place.
In spite of that, the purpose behind machines replacing humans could be termed as a transformational technological advancement, that has freed the manpower to focus on other tasks.
Proofread & Published By Naveenika Chauhan
