Oracle’s Massive 30,000 Layoff As AI Spending Surges

Oracle laid off 30,000 works by email at 6 AM. The same quarter, it posted record revenue and a $553 billion backlog.

Oracle appoints Hilary Maxson as CFO amid major layoffs — what we know about her salary, stock options

Hilary Maxson has been named Oracle's CFO, effective immediately, after the company laid off nearly thousands of employees.