Oracle lays off hundreds of employees at its health unit Cerner: Report

American software company Oracle on Thursday laid off hundreds of employees, rescinded job offers and cut back open positions within its health unit Cerner, the Insider reported, citing three people familiar with the matter.

The company had acquired electronic medical records firm Cerner for $28.3 billion, its biggest ever deal, in December last year.

According to the report, the layoffs were largely due to Cerner’s challenging work with the US Department of Veterans Affairs, which hired Cerner to replace its homemade medical records with Cerner’s technology.