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Oracle Fires Thousands of Employees, Halts Raises and Promotions

Oracle Fires Thousands of Employees, Halts Raises and Promotions

 Recent layoffs in the tech industry have had a global impact, affecting employees at prominent Big Tech companies such as Google, Facebook, Twitter, and Amazon. In a recent wave of job cuts, Oracle, a major player in cloud technology, has reportedly terminated over 3,000 employees, as per a report from Business Insider. The report, citing a reliable source, states that Oracle has also halted salary raises and promotions.The layoffs have affected various departments, including marketing, engineering, accounting, legal, and product teams.

Furthermore, the company has informed its employees that they should not anticipate similar developments throughout the year. No official comment has been provided by Oracle regarding this report. In addition to its workforce changes, Oracle is actively working on developing a national health records database. The company's Chairman and Chief Technology Officer, Larry Ellison, has emphasized that patient data will remain anonymous unless individuals explicitly consent to share their information. Ellison has assured that Oracle's database will effectively anonymize all patient data. It is worth noting that Cerner, a leading provider of digital information systems for hospitals and healthcare systems, plays a crucial role in enabling medical professionals to deliver improved healthcare services to both individuals and communities.

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