Oracle has appointed Hilary Maxson as its new Chief Financial Officer, reinstating a role that had been vacant since 2014. Maxson, formerly of Schneider Electric, will receive a $950,000 annual base salary, along with eligibility for a $2.5 million performance-based bonus, according to a regulatory filing.
This decision arrives amidst reports of significant layoffs at Oracle, potentially affecting thousands of employees, as the company invests heavily in artificial intelligence (AI) infrastructure. A recent 10-K filing indicated Oracle had approximately 162,000 full-time employees as of May 2025.
Oracle anticipates restructuring costs in fiscal year 2026 could reach $2.1 billion, primarily allocated for employee severance and related expenses. The company’s increased capital expenditure, projected at $50 billion for the current fiscal year, underscores its focus on AI data centers. This figure is more than double the previous year’s spending.
Despite these investments, Oracle’s stock has experienced volatility, reflecting market concerns about AI’s potential impact on software providers. Shares are up 14% over the last year, but have declined 50% in the last six months and 25% year-to-date.
Maxson will report to Oracle co-CEO Clay Magouyrk. In a press release, she conveyed her enthusiasm about joining Oracle during this transformative period, expressing her commitment to strategic investments and long-term value creation for both customers and shareholders.
