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.
NDTV

Oracle Appoints Hilary Maxson As CFO With $29.7 Million Package After Firing 30,000 Employees

Just days after firing 30,000 employees globally, reportedly due to AI-driven cost-cutting, Oracle has appointed Hilary Maxson as its new Chief Financial Officer (CFO) with a massive pay day. While 12 ...
Wall Street Journal

Oracle Names Hilary Maxson Chief Financial Officer

Oracle hired Hilary Maxson as the software giant’s new chief financial officer, effective immediately. Oracle on Monday said Maxson, 48 years old, joins from Schneider Electric, where she served as ...
Yahoo Finance

Oracle hires Schneider Electric's Maxson as CFO amid AI spending boom

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Indiatimes

Oracle layoffs: Reason the 6AM email from “Oracle leadership” told thousands of laid-off employees; 'After careful consideration of…

Oracle's largest-ever round of layoffs didn't come with a phone call, a meeting, or a conversation with a manager. It came as an email. Sent from "Oracle Leadership" at 6AM in the US (3:30 PM IST), ...
Business Insider

Debris from an intercepted missile struck Oracle's Dubai office days after Iran threatened US companies in the region

Debris from a missile struck Oracle's offices in Dubai on Saturday, city officials said. The city government called it a "minor incident" that didn't result in any injuries. Iran earlier threatened to ...
NDTV

Iran Targets Oracle Data Centre In Dubai: Report

According to the report, Oracle data centre office in Dubai was targeted by Iran. Iran said its latest wave of attacks on Thursday had targeted the UAE, Bahrain and Israel after US-Israeli strikes hit ...
Gizmodo

Iran Says It Hit Oracle Facilities in the UAE

Iran’s Islamic Revolutionary Guard Corps (IRGC) claims it has targeted an Oracle data center in Dubai, United Arab Emirates, according to Iranian state media. The alleged strike comes only two days ...
KMBC Kansas City

Oracle's Kansas City campus lays off more than 500 employees

ASKED TO CALL. (816) 969-1668. AND WE’RE ALSO GETTING A CLEARER PICTURE TONIGHT OF THE LAYOFFS AT ORACLE. MISSOURI IS CONFIRMING MORE THAN 530 EMPLOYEES HAVE NOW BEEN CUT. THE IMPACT SPREADS ACROSS ...
The Straits Times

Oracle begins layoffs affecting thousands, CNBC reports

BENGALURU – Cloud computing firm Oracle is laying off thousands of employees, CNBC reported on March 31, citing two people familiar with the matter. Later that day, Oracle said it would lay off 491 ...
Mint

Oracle slashes 30,000 jobs: How much severance was offered? Which departments were affected? Key questions answered

Oracle has announced 30,000 job cuts, marking the biggest single tech layoff in the last 12 months. A CNBC report confirmed that the company's stock price declined sharply, linked to heavy spending on ...
Indiatimes

Oracle layoffs: Employees receive email from 'Oracle Leadership' at 6AM, saying: "We have made the decision to eliminate your role as…"

Oracle has begun laying off employees across its global offices, with workers in US, India, and other regions reporting termination emails landing in their inboxes as early as 6AM EST on Tuesday. The ...