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

Oracle appoints Hilary Maxson as CFO following major layoffs, highlighting the company's strategic shift towards AI and cloud infrastructure.

Oracle mass layoffs: All about the severance package offered to the laid-off US employees

Many laid off by Oracle in an early morning email claimed in social media posts that they were blindsided by the news.

Oracle gave its new CFO $26M in stock after firing up to 30,000 workers. Employee says an 'algorithm' may have targeted those with stock options first

The cuts came as Oracle posted a 95% profit jump and filed 3,100 H-1B visa petitions.

Oracle Appoints CFO With $26M Equity Award

Oracle also agreed to cover up to $250,000 in relocation expenses over 12 months. The equity grant is the larger part of the package. About 80% is time-based, while the remaining 20% is tied to ...
HR Executive

Oracle’s layoff package puts severance benchmarking under the microscope

Oracle's mass layoff is putting severance design under scrutiny as HR leaders benchmark its terms against Block and other ...

Oracle severance pay: What amount will laid off workers in India and US get in compensation?

Around 12,000 Oracle employees in India have been laid off, with details of severance packages circulating on social media.

Here's the severance package Oracle offered laid-off US employees

Severance includes 4 weeks base salary plus 1 week per year of employment.

Oracle appoints Hilary Maxson as CFO with $29.7 million package after firing 30,000 employees

Hilary Maxson will receive a base salary of $950,000 (Rs. 8.8 crore) with the deal further sweetened by a $26 million (Rs 241.7 crore) equity grant.

Inside Oracle's India Layoffs: What Employees Say They Received As Severance Package

While Oracle has not officially disclosed the details of its severance policy for India, employees have begun sharing their experiences online, particularly on Reddit forums.