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Tag: Cerner

  • Oracle Laying Off More Employees

    Oracle Laying Off More Employees

    Oracle is laying off additional employees just months after a round of layoffs led to “complete chaos.”

    Companies large and small have been slashing spending, freezing hiring, and laying off workers amid the worst economic downturn in years. Oracle is among those companies, engaging in another round of layoffs, according to Business Insider.

    Unlike its previous round of layoffs, this round is unannounced. As a result, there’s no indication how many employees will ultimately be impacted. Some employees are reportedly being told they have until October 31 to secure a new role within the company, while others are being told their employee will be terminated the following Monday.

    Jeremiah Cundiff, Cloud Technology Consultant at Oracle, is one such employee that appears to be in the latter group. Cundiff posted the news on LinkedIn:

    There have been posts regarding #layoffs at #oracle. Unfortunately I got my call this morning that I’ve been included. I aim to remain in tech sales either in business development or as an account executive.

    Insider attributes the layoffs to Oracle’s efforts to trim costs following its $28.3 billion purchase of medical records company Cerner.

  • Mergers and Acquisitions Set New Record in 2021, Led by Cloud Companies

    Mergers and Acquisitions Set New Record in 2021, Led by Cloud Companies

    Mergers and acquisitions (M&A) will set a new record in 2021, thanks in no small part to Oracle, Microsoft, and Amazon.

    According to The Street, the previous record for M&A was set in 2018, coming in at $1.55 trillion. Thanks to massive acquisitions this year, 2021 is set to blow past that, reaching $2.4 trillion.

    Cloud companies helped contribute a large portion of that total. 

    Amazon agreed to purchase MGM Studios for $8.45 billion in May. The deal is seen as a way for Amazon to beef up its Prime Video platform even more, enabling it to better compete with Netflix, Hulu, and others.

    Microsoft announced in April that it was purchasing Nuance, its second-largest acquisition. Nuance specializes in conversational AI for the healthcare market, an increasingly important industry for cloud providers.

    The latest major cloud acquisition was Oracle’s announced plans to acquire medical records giant Cerner for a whopping $28 billion, the largest acquisition in its history.

    Regulators have become increasingly wary of consolidation in the tech industry, especially with Big Tech buying up rivals. Despite the additional scrutiny, it doesn’t seem to have hurt the M&A market in 2021.

  • Google Disbanding Its Health Division, Dr. David Feinberg Leaving

    Google Disbanding Its Health Division, Dr. David Feinberg Leaving

    Google is disbanding its health division, following a string of setbacks and criticism.

    Google Health is one of the company’s newer initiatives, quickly reaching 500 employees in early 2020. Despite its obvious importance to the company, Google found itself mired in controversy when it was discovered the company had partnered with Ascension to collect health data on millions of Americans. The program, Project Nightingale, drew scrutiny from lawmakers concerned about Google having access to even more private consumer data.

    It appears the company is throwing in the tool on Google Health altogether, with plans to disband it and scatter its components across the company, according to a memo seen by Business Insider.

    As part of its disbanding, Google Health chief Dr. David Feinberg will be leaving effective September 1. Medical records company Cerner announced Feinberg will become the company’s President and Chief Executive Officer, effective October 1.