Thursday, November 14, 2024
spot_img

Oracle’s health division hit by layoffs following troubles with Cerner partnership

Date:

Share post:

spot_img
spot_img

Shillong, June 16: Amid concerns of an impending recession, tech companies worldwide are facing significant challenges, leading to cost-cutting measures and job reductions.

The latest victim appears to be global tech firm Oracle, which is reportedly undergoing another round of layoffs, specifically impacting its health unit. Insider initially reported the news, stating that the software giant is not only laying off employees but also retracting job offers and reducing open positions. These layoffs in the health division follow Oracle’s highly publicized acquisition of electronic medical records firm Cerner for a whopping $28.3 billion in December 2021.

Oracle’s Cerner division had secured contracts with the US Department of Veterans Affairs Office to maintain and enhance the electronic systems used for storing and managing patients’ health information. However, the partnership was halted by the US department after several patients experienced issues caused by glitches in Cerner’s software.

The layoffs within the health division may be related to the challenges encountered during Cerner’s partnership with the US Department for Veterans. The report indicates that Oracle will provide severance pay equivalent to four weeks’ salary, with an additional week for each year of service, along with payouts for accrued vacation days.

spot_img
spot_img

Related articles

Ranji Trophy: Mohammed Shami claims four-wicket haul against MP

Indore, Nov 14: India pacer Mohammed Shami made a memorable return to the Ranji Trophy, claiming four wickets...

Republicans cross 218 mark in House of Representatives marking election trifecta

New York, Nov 14: The Republican Party crossed the 218-mark in the House of Representatives as late results...

USTM hosts National Student Symposium on Physics

  Guwahati, Nov 14:  The University of Science and Technology Meghalaya (USTM) has hosted the XI IAPT National Student...

Prof Sherwin May Sungoh declines appointment as Pro-VC of NEHU Shillong Campus

Shillong, Nov 14 : The Head of the Education Department of the NEHU NEHU, Prof Sherwin May Sungoh...