Oracle CFO Hilary Maxson Addresses Layoffs at First Company Meeting
Hilary Maxson said the layoffs reflect simpler processes and clearer resource choices as Oracle manages rising AI infrastructure spending.
9 Articles
9 Articles
Oracle's new financial director took advantage of his first meeting with employees to send them a message: Oracle does not want to "do more with fewer people." Financial Director Hilary Maxson told employees, Tuesday, that they should be proud of the company's financial results and protect this success on Tuesday.
After mass layoffs, Oracle CFO tells employees be thoughtful of where to spend money
Oracle CFO Hilary Maxson held an all-hands meeting with employees after the company’s latest round of layoffs. As per reports, Maxson told staff members that she wanted them to be more thoughtful of how they spent money.
Oracle Layoffs: CFO says ‘do more with less’ isn’t the answer in first all-hands meet after latest job cuts
Oracle is cutting jobs even as it plans to spend up to $95 billion on capital expenditure in fiscal 2027, largely as it expands its AI and data-centre infrastructure. CFO Hilary Maxson told employees the focus should be on eliminating low-impact work.
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