Tech Sector Layoffs Continue: Oracle Cuts 3,000 Jobs From Cerner Unit

Oracle has reportedly laid off over 3,000 employees at Cerner, the electronic healthcare records firm it acquired for $28.4 billion.

According to an Insider report, the company has recently halted raises and promotions and terminated thousands of employees in the unit it acquired from Cerner, reports Business Today.

This action took place after the acquisition was completed in June last year. It should be mentioned that the Cerner acquisition added approximately 28,000 employees to Oracle's workforce.

According to a report released on Wednesday, Oracle has refrained from giving raises or promotions to its employees. Furthermore, earlier this year, Oracle announced that workers should not anticipate any raises or promotions through 2023.

The layoffs have affected workers across teams, including marketing, engineering, accounting, legal, and product,” the report noted.

The current round of downsizing at Amazon is part of the layoffs announced by CEO Andy Jassy in March, which were expected to impact 9,000 employees.

“Current layoff round was announced in March. Individuals in Indian teams have been identified now and handed pink slips,” , the report said.

To date, Amazon has announced a total of 27,000 employee layoffs, and the process of removal is still ongoing.

"We also reprioritized where to spend our resources, which ultimately led to the hard decision to eliminate 27,000 corporate roles.

"There are a number of other changes that we’ve made over the last several months to streamline our overall costs, and like most leadership teams, we’ll continue to evaluate what we’re seeing in our business and proceed adaptively," the company had said in March.