Oracle Corp.ORCL -0.06%laid off hundreds of employees this week as the business software provider prioritizes its healthcare IT services and cloud businesses, according to people familiar with the company’s actions. Oracle employees were told that they were being laid off because of fiscal year 2023 restructuring and realignment due to new leadership, said laid-off employees. Some layoffs also landed at Cerner as part of the integration of the business into Oracle, one of the people said. Oracle, like some other tech companies, isn’t suspending hiring entirely, but being more selective on where it is adding staff. The company’s cloud infrastructure group has around 500 jobs listed on the company’s page for job openings.

Source: Wall Street Journal August 05, 2022 23:24 UTC