Oracle reportedly lays off hundreds of Cerner employees amid VA contract troubles

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• Oracle is reportedly letting go hundreds of employees and rescinding job offers from its Cerner health software unit, largely due to ongoing missteps in its contract with the Department of Veterans Affairs. They also follow massive job cuts from other tech giants this year as an M&A and hiring binge during the COVID-19 pandemic meets revenue declines and inflation. Since Oracle acquired Cerner last year, the Austin, Texas-based company has reportedly fired almost 3,000 employees at across its marketing, engineering, accounting, legal and product teams. It includes stronger performance expectations and larger financial credits to the VA if Oracle Cerner doesn’t meet requirements, according to the department. Oracle’s goal is to create a cloud-enabled health data platform spanning the company’s EHR, human capital management, claims processing and other businesses.

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