{"id":23776,"date":"2023-06-17T01:41:44","date_gmt":"2023-06-17T05:41:44","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/oracle-makes-health-unit-layoffs-report-says\/"},"modified":"2023-06-17T01:41:46","modified_gmt":"2023-06-17T05:41:46","slug":"oracle-makes-health-unit-layoffs-report-says","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=23776","title":{"rendered":"Oracle makes health unit layoffs, report says"},"content":{"rendered":"
\n

Software giant Oracle Corp. has laid off hundreds of employees, cut back open positions and rescinded job offers at its health unit, according to a report. \u00a0<\/p>\n

The cuts were first reported by Insider, which cited three people with knowledge of the matter.<\/p>\n

MarketWatch has reached out to Oracle
\n ORCL,
\n -0.86%<\/bg-quote>
\n with a request for comment on this story.<\/p>\n

\n

Related<\/strong>: Global tech layoffs have surpassed 206,000 since the start of 2023<\/p>\n

Reuters noted that Oracle\u2019s health unit includes electronic medical records company Cerner. Oracle announced its\u00a0nearly $30 billion deal for Cerner\u00a0in late 2021 and completed the acquisition last year.<\/p>\n

More than 206,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi.<\/p>\n

The data show that 2023 has surpassed 2022 for global tech redundancies, with 777 tech companies laying off 206,694 employees since the start of the year. Last year, 1,024 tech companies laid off a total of 154,336 employees, according to\u00a0Layoffs.fyi.<\/p>\n

Additional reporting by Emily Bary.<\/em><\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Software giant Oracle Corp. has laid off hundreds of employees, cut back open positions and rescinded job offers at its health unit, according to a report. \u00a0 The cuts were first reported by Insider, which cited three people with knowledge of the matter. 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