With a staggering number, over 3,000 employees have been let go from Oracle, resulting in a substantial savings of approximately $28.4 billion. As reported by IANS, this decision has also halted salary increases and promotions for former employees. Oracle, a prominent player in the cloud industry, is responsible for this massive layoff, targeting electronic healthcare records firm Cerner. Oracle, in its capacity as a digital health company, stores and manages digital information utilized by Cerner hospitals and health systems. Meanwhile, the trend of workforce reduction extends to India, as Amazon reportedly terminates 500 employees across multiple business sectors.

Source: dna May 19, 2023 07:39 UTC