Oracle CFO Says 'Doing More With Less' Isn't the Answer in All-Hands After Layoffs
Oracle has initiated a new round of layoffs, delivered via 6 a.m. emails informing staff that their employment ended immediately. CFO Hilary Maxson addressed the cuts in her first companywide meeting, stating that "doing more with less" is not the answer. Instead, Maxson urged employees to simplify processes and prioritize resource allocation as the company increases investment in AI infrastructure. This workforce reduction follows a banner quarter and coincides with Oracle adding $700 million to the cost of its AI transformation.
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- ✓ Oracle has started a new round of layoffs.
- ✓ Affected employees received emails at 6 a.m. stating "Today is your last working day".
- ✓ CFO Hilary Maxson told employees that "doing more with less" is not the answer.
- ✓ Oracle added $700 million to its AI transformation costs.
What changed
CFO Hilary Maxson explicitly told employees not to "do more with less" during her first all-hands meeting following the latest job cuts.
Live updates
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Oracle CFO Rejects "Doing More With Less" Approach Amid AI-Driven Layoffs
Oracle has initiated a new round of layoffs, delivered via 6 a.m. emails informing staff that their employment ended immediately. CFO Hilary Maxson addressed the cuts in her first companywide meeting, stating that "doing more with less" is not the answer. Instead, Maxson urged employees to simplify processes and prioritize resource allocation as the company increases investment in AI infrastructure. This workforce reduction follows a banner quarter and coincides with Oracle adding $700 million to the cost of its AI transformation.
Why it matters
The company is shifting resources toward AI demand and infrastructure spending. This marks the second round of layoffs this year. Routine IT roles are particularly affected, with the India workforce shrinking to 27,000.
What is confirmed
- Oracle has started a new round of layoffs.
- Affected employees received emails at 6 a.m. stating "Today is your last working day".
- CFO Hilary Maxson told employees that "doing more with less" is not the answer.
- Oracle added $700 million to its AI transformation costs.
- This is the second round of layoffs Oracle has conducted this year.
Still unconfirmed
- The layoffs are specifically AI-driven.
- The India workforce has shrunk to 27,000.
What to watch next
- Details of the severance packages offered to non-US employees
- Further updates on AI infrastructure spending totals
- Official confirmation of the total number of employees terminated in this round
confidence 90%Sources used for this update (16)
- calcalistech.com — Oracle’s AI transformation gets more expensive as layoffs continue
- Business Insider — Oracle begins a new round of layoffs
- The Times of India — Oracle layoffs: Employees receive ‘6am job cuts’ email from “Oracle leadership” again, saying: We are sharing some…
- Business Insider — Here's the severance package Oracle offered laid-off US employees
- KRON4 — Oracle begins new round of AI-driven layoffs: report
- San Francisco Chronicle — Oracle announces new round of layoffs in early-morning email: ‘Today is your last working day’
- The Register — Oracle celebrates banner quarter with another round of layoffs
- Business Insider — Oracle CFO Says 'Doing More With Less' Isn't the Answer in All-Hands After Layoffs
- Yahoo Finance — Oracle Adds $700 Million to the Cost of its AI Transformation
- NDTV — 'Today Is Your Last Day': The 6 AM Email That Laid Off Oracle Workers
- Hindustan Times — ‘Worked on Diwali, even logged in from hospital’: Wife narrates man's heartbreak after Oracle layoffs
- The Times of India — ‘My husband lost his job today’: Oracle employee laid off after 12 years; wife says he worked through Holi, Diwali
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