By Aditi Ganguly
Publication Date: 2026-04-21 15:21:00
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Just days after Oracle laid off up to 30,000 employees via a 6 a.m. email — as Moneywise previously reported — the company announced its next big move: hiring a new chief financial officer with a package of shares worth $26 million.
Meanwhile, some laid-off workers have raised questions on LinkedIn and workplace forums about how Oracle decided who to cut.
For example, a 30-year veteran suspects the company may have targeted employees with outstanding stock options. Here’s a breakdown of the new contract and some of the pushback from former employees.
On April 6, Oracle filed a Form 8-K with the SEC naming Hilary Maxson as its new chief financial officer, effective immediately (1). Maxson, 48, was previously executive vice president and group CFO at Schneider Electric, a global energy management company with annual revenue of more than $45 billion (2). Before…
