Oracle gives pinks slips to health unit employees

Oracle layoffs 2023 are here once again but this time affecting employees in the health unit. As per updates, Oracle has not just handed pink slips to people but also receded the job offers, handed out to people.

According to a report by Insider, this round of Oracle layoffs has largely impacted within the company’s health unit Cerner. While the exact number of people impacted by these job cuts is not known, it is expected to be in hundreds.

The report adds that Oracle’s health unit, one that is impacted by these layoffs, includes electronic medical records firm Cerner which it acquired in December for $28.3 billion. It has also been reported that these layoffs at Oracle were largely due to Cerner’s challenged work with the US Department of Veterans Affairs.

Like many other companies, people affected by this round of Oracle layoffs will reportedly receive severance pay equal to four weeks along with one additional week for every year of service and a payout of vacation days.

Not just Oracle but several companies across the world have been laying off employees in the event of a global economic downturn. Before this report, some media updates suggested that Oracle layoffs would impact close to 3,000 workers. However, please note that the company is yet to officially comment on these job cuts.

Experts also believe that the trend of mass layoffs is expected to continue all of 2023 as world economies brace navigate a challenging time. Outlook India