Oracle (NYSE: ORCL) CFO Pushes Back On "Doing More With Less" Mantra As Company Cuts 21,000 Jobs

Oracle Layoffs: CFO Hilary Maxson Has This to Say About 2nd Round of Job Cuts | 📲 LatestLY

Oracle has started a fresh round of job cuts across its global operations, including India, primarily affecting product engineering, consulting and support teams. The restructuring comes as Oracle increases spending on AI infrastructure and cloud services, with management focusing on reducing operational complexity and improving efficiency. 📲 Oracle Layoffs: CFO Hilary Maxson Has This to Say About 2nd Round of Job Cuts.

Oracle (NYSE: ORCL) CFO Pushes Back On "Doing More With Less" Mantra As Company Cuts 21,000 Jobs

Oracle Corporation (NYSE: ORCL) is navigating a turbulent period of mass layoffs and aggressive AI investment, with its new CFO drawing a sharp line against a phrase common in corporate cost-cutting conversations. The company’s workforce shrank by 21,000 employees, representing a 13% decline, during the fiscal year that ended May 31, 2026. CFO Hilary Maxson […]

Oracle begins cutting jobs, 3,000 may face the axe in India taking workforce to 27,000; routine Indian IT sector roles face pressure even as GCC hiring is set to grow 9-10%

Reports of the layoffs have also surfaced on X and Reddit, where some users identifying themselves as Oracle employees in India discussed the job cuts. Some said they were given little advance notice before being informed that their positions had been eliminated.

Oracle admitted AI eliminated 21,000 jobs. Now it’s starting the next round

Oracle's 2026 annual report contains something unusual for corporate filings: a direct, on-record disclosure linking AI deployment to mass workforce reduction — with a warning that more cuts are coming. A new round of terminations began this week.