Oracle hires new CFO with $950K salary as thousands face layoffs [Yahoo! Finance]
SCHNEIDER ELEC UNSP/ADR (SBGSY)
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Source: Yahoo! Finance
The company announced that Hilary Maxson will serve as the new CFO, joining Oracle from French industrial conglomerate Schneider Electric where she served in the same role. Oracle said her appointment to the rule is effective immediately. Maxson, 48, will receive an annual base salary of $950,000 and will be eligible for a performance-based bonus with a target of $2.5 million, Oracle said in a regulatory filing. The move comes on the heels of Oracle reportedly moving forward with a round of layoffs last week, with CNBC reporting the layoffs will affected thousands of workers at the tech company, according to two people familiar with the matter. Oracle Laying Off Thousands Of Workers To Cut Costs Amid Ai Push: Report Oracle's most recent 10-K filing noted the company had about 162,000 full-time employees in May 2025. Read On The Fox Business App The company said in a March filing that it expects the total costs associated with its restructuring plan in fiscal year 2026 to
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