Oracle hires new CFO with $950K salary as thousands face layoffs
7 hours ago
- #AI investment
- #executive appointment
- #corporate restructuring
- Oracle hires Hilary Maxson as new CFO with a $950K base salary and eligibility for a $2.5M performance-based bonus. The appointment is effective immediately.
- The hiring follows layoffs affecting thousands of workers, with restructuring costs up to $2.1B expected in fiscal 2026, mainly for severance and related expenses.
- Oracle plans up to $50B in capital expenditures this fiscal year for AI data centers, more than doubling last year's spending, amid volatile stock performance.