Despite growth, Oracle reported to cut jobs at Cerner healthcare unit
Just days after reporting a jump in quarterly cloud revenue and record-breaking annual sales, Oracle has reportedly laid off hundreds of employees and pulled job offers for its Cerner healthcare unit, which it acquired in December for $28.3 billion.
The layoffs were a result of a troubled deal between Cerner and the US Department of Veterans Affairs Office, according to a report by Insider.
In April, the VA said that it was renegotiating its contract with Cerner due to a number of issues that had arisen regarding technical glitches and patient safety. “We’ve heard from Veterans and VA clinicians that the new electronic health record is not meeting expectations – and we’re holding Oracle Cerner and ourselves accountable to get this right,” said VA Secretary Denis McDonough, in a press release.