EHR vendor Oracle Cerner has conducted its third round of layoffs as part of Oracle's new restructuring plan that aims to save the company $927 million by the end of fiscal 2023.
Here is a look at the job cuts happening at the EHR vendor:
- In August 2022, Oracle, which finalized its acquisition of Cerner in June 2022, said it was considering a $1 billion cost reduction effort, which included eliminating thousands of jobs. The workforce reduction affected Cerner employees, but Oracle did not mention how many employees would be laid off as part of the move.
- On March 16, the company said it would be conducting its second round of layoffs and was planning to enforce an in-office mandate for the remaining Cerner employees. The employees have been working remotely for about three years.The number of employees affected by this layoff was also not disclosed, but Oracle said the move was a part of another restructuring plan to save costs.
- On June 15, people familiar with the matter reported that Oracle was laying off another round of Cerner employees, as well as rescinding job offers and cutting back open positions. This layoff, according to the Register, is being attributed to the trouble the company has had in rolling out a new EHR system for the Department of Veterans Affairs, although Oracle has yet to confirm this information.