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International Business Times UK
International Business Times UK
Business
Akshay Puri

Oracle Names New CFO On $950K Salary After Axing 30,000 Workers In Brutal Email Layoffs

Oracle's headquarters as the company restructures its workforce and appoints Hilary Maxson as CFO. (Credit: Screenshot/X)

In the world of Big Tech, timing often tells a deeper story than the announcement itself. At Oracle, that timing has raised eyebrows. Just days after thousands of employees reportedly lost their jobs in a sweeping restructuring, the technology giant confirmed the appointment of Hilary Maxson as its new chief financial officer. Her compensation package includes a base salary of $950,000 and the potential for a $2.5 million performance bonus. For workers who woke up to termination emails and locked accounts, the news has landed with a heavy contrast.

New Finance Chief at a Critical Moment

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