The tech giant recently considered cost-cutting measures to the tune of $1 billion which could result in thousands of job cuts on the heels of Oracle‘s massive $28 billion Cerner buy, according to a report published Friday.
Oracle has recently mulled reducing costs by as much as $1 billion and as a result, possibly letting go of thousands of its employees as early as August, according to a report published Friday by The Information.
The potential layoffs come on the heels of Austin, Texas-based Oracle closing its $28 billion acquisition of Cerner to give the company a deeper presence in the healthcare technology space. The acquisition brought in about 28,000 Cerner employees, according to the company‘s website.
Oracle did not respond to CRN‘s request for comment before publication.
An Oracle spokesperson with knowledge of the situation said that the layoffs could “disproportionately impact” workers in the U.S. and Europe and would include marketing for software applications in customer service and e-commerce employees, the report said.
https://www.crn.com/news/cloud/oracle-considered-1b-in-cuts-thousands-of-layoffs-report