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Challenges sprouting from the electronic medical records firm Cerner's collaboration with the U.S Department of Veterans Affairs has lead to layoffs in Oracle's health unit 

Oracle layoff: Cuts hundreds of jobs, withdraws job offers in its health unit

Challenges sprouting from the electronic medical records firm Cerner's collaboration with the U.S Department of Veterans Affairs has lead to layoffs in Oracle's health unit&nbsp;

Software giant Oracle has sacked hundreds of employees, revoked the job offers and has also cut back on the open positions in the health unit, reported Insider. Companies across America are undertaking cost-cutting measures to battle the elevated inflation level and increasing interest rate.
As per Insider, the layoffs were largely due to Cerner's challenged work with the U.S. Department of Veterans Affairs, which hired Cerner to replace its homemade medical records with Cerner's technology.&nbsp;
Oracle acquired Cerner, a firm that manages electronic medical records for $28.3 billion in December last year. This was Oracle's biggest deal ever made.&nbsp;
The laid off employees would be given a severance package that includes four weeks of pay, with one additional week for every year of service and a payout of vacation days.
Meanwhile, Oracle reported stronger than expected revenues and earnings in its fourth quarter and has forecasted an upbeat first quarter that is driven by growing demand for its cloud offerings from companies deploying Artificial Intelligence

Oracle has allegedly gathered details of approximately five billion people.

Oracle accused of stealing data of billions of people

Oracle has allegedly gathered details of approximately five billion people.

Oracle, a global leader in cloud computing, faces a new privacy class action lawsuit in the United States.
The lawsuit argues that the internet giant's "global surveillance machine" collected information on about five billion people, thereby invading the privacy of a massive number of individuals.
Oracle's data collection about individuals includes their names, home addresses, emails, online and offline purchases, real-world movements, income, interests, and political views, as well as a comprehensive account of their online activities.
Therefore, Oracle is now being accused of violating the Federal Electronic Communications Privacy Act, the California Constitution, the California Invasion of Privacy Act, competition law, and the common law.

US: court relief for TikTok against Trump ban

In a relief for TikTok in the US and a blow to the government, a federal judge has temporarily blocked Trump's ban on the video sharing app

In a relief for TikTok in the US and a blow to the government, a federal judge has temporarily blocked Trump's ban on the video sharing app. A district judge granted a preliminary injunction against the ban on TikTok after an unusual Sunday morning hearing. The judge, however, refused to grant an injunction against a November deadline for its sale. ByteDance is fighting the Trump administration in court even as it pursues its approval for the sale of a stake in the US business to Oracle and Walmart. Trump has called for bans on both TikTok and WeChat.

'I don't like it': TikTok-Oracle deal hits Trump bump

US President Donald Trump on Wednesday said he wasn't ready to approve the Oracle-TikTok deal, insists it has to be a 100% takeover

US President Donald Trump on Wednesday said he wasn't ready to approve the Oracle-TikTok deal, which would allow the Chinese video app to continue operating in the United States, news agency AFP has reported. Trump has said that it has to be a 100% takeover by the US tech giant of the ByteDance platform, insisting he needs to see the deal before approving it. The US President is also opposed to an arrangement reported by media in which ByteDance would keep a majority stake in the company and Oracle a minority stake.

Report: Oracle seals the deal for TikTok’s US operations

TikTok has reportedly reached a deal to sell its US operations to Oracle after Microsoft failed in its acquisition bid

TikTok reaches deal to sell its US operations to Oracle
Comes just ahead of Trump&rsquo;s Sept 15 deadline
TikTok will remain operational in the US
Follows Microsoft&rsquo;s failure to acquire TikTok

TikTok has reportedly struck a deal with Oracle to sell its US operations to the American software giant, just ahead of the September 15 deadline imposed by US President Donald Trump.&nbsp;
 This means that the popular short-form video app will remain operational in the US.
 The development followed soon after the original frontrunner, Microsoft, announced that it had failed in its bid to acquire TikTok&rsquo;s US operations from its Chinese owner, ByteDance.

TikTok may announce its deal to sell US business soon: Reports

TikTok has chosen a bidder for its US, Australian and New Zealand businesses and might announce the deal later on Tuesday, a CNBC&nbsp;report has said.
TikTok has been in talks with various companies in the hope to sell its US operations along with businesses in a few other countries like Australia, New Zealand, Canada etc before the September 20 deadline given by the Trump administration closes in.
The top contenders for the deal are Microsoft in partnership with Walmart and Oracle and the sale price of the deal is expected to be anywhere between&nbsp;$20 billion to $30 billion, as per reports.

TikTok has chosen a bidder for its US, Australian and New Zealand businesses and might announce the deal later on Tuesday, a CNBC&nbsp;report has said.
TikTok has been in talks with various companies in the hope to sell its US operations along with businesses in a few other countries like Australia, New Zealand, Canada etc before the September 20 deadline given by the Trump administration closes in.
The top contenders for the deal are Microsoft in partnership with Walmart and Oracle and the sale price of the deal is expected to be anywhere between&nbsp;$20 billion to $30 billion, as per reports.

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