By Abhinav Singh
Publication Date: 2026-04-07 13:11:00
Just days after laying off 30,000 employees worldwide, reportedly due to AI-driven cost cutting, Oracle has named Hilary Maxson as its new chief financial officer (CFO), with a hefty salary. While 12,000 workers were also laid off in India, Maxson is stepping in with a salary of $950,000 (Rs 8.8 billion) and a potential bonus of $2.5 million (Rs 23.2 billion). Their deal is sweetened by an equity grant of $26 million (Rs 241.7 million), which is 80 percent time-based ($20.8 million) and 20 percent performance-based ($5.2 million).
Maxson can choose between 100 percent stock options or a mix of 50 percent options and 50 percent restricted stock units (RSUs). Apart from the lucrative package, Oracle will also provide Maxson with a relocation allowance of $250,000 (Rs 2.3 crore), taking their total package to $29.7 million.
“Ms. Maxson receives an annual base salary of $950,000 and…