Oracle Lays Off 700 Workers Amid AI Investments and New CFO Appointment
Oracle has laid off about 700 workers, with the cuts set to occur by June 1, according to company statements. The layoffs target specific locations in California and follow a recent appointment of Hilary Maxson as the new CFO. Analysts predict potential for larger reductions to support Oracle's AI infrastructure expansion.
Rehman Abubakr / Wikimedia (CC BY-SA 4.0)Oracle Announces Layoffs of 700 Employees Oracle laid off about 700 workers, with the layoffs expected to occur by June 1, the company stated.
The cuts include 310 workers in Redwood City, 184 in Santa Clara, 158 in Pleasanton, and 50 in Santa Monica, according to California state records. Laid-off employees immediately forfeited their unvested stock, though their vested stock remained accessible, Marketwise reported.
Nina Lewis, a 30-year Oracle veteran, wrote on LinkedIn: 'Well, after 30+ years at Oracle, I join the 30,000 or so laid off today.
' Michael Shepherd, an Oracle senior manager, wrote on LinkedIn that the layoffs were not performance based and told the New York Post in a Monday email: 'I really dont [sic] have anything else to add besides the people laid off, it was not performance related, we lost some of the most experienced, critical people.
Analysts Predict Broader Job Cuts Analysts at TD Cowen predicted that Oracle could cut up to 30,000 workers.
TD Cowen analysts predicted earlier this year that Oracle layoffs could free up $8 to $10 billion in cash flow. ' Nina Lewis clarified in a follow-up LinkedIn post that she had no specific inside knowledge of any layoff algorithm but that rumors among employees appear to match a possible pattern.
New CFO Appointment and Compensation Oracle hired Hilary Maxson as its new CFO earlier this month.
Hilary Maxson, aged 48, previously served as executive vice president and led finance at Schneider Electric. Hilary Maxson's compensation package includes a $26 million stock package and a $950,000 annual base salary, according to Marketwise. Hilary Maxson is Oracle's first CFO since 2014, when Safra Catz took on the roles of both CEO and main financial officer.
S. Citizenship and Immigration Services data.
Financial Performance and AI Investments Oracle reported a 95% increase in net income last quarter to $6.
13 billion. Oracle plans $50 billion in capital expenditures for the current fiscal year. Oracle has taken on more than $100 billion in debt to finance AI infrastructure buildout.
Story Timeline
6 events- 2026-04 (earlier this month)
Oracle hired Hilary Maxson as its new CFO.
1 sourceunattributed - 2026-04-13 (Monday)
Michael Shepherd emailed the New York Post about the layoffs not being performance-related.
1 sourceMichael Shepherd - 2026-04 (recent)
Oracle laid off about 700 workers, expected by June 1.
2 sourcesOracle · California state records - Fiscal years 2025-2026
Oracle filed for about 3,126 H-1B worker petitions.
1 sourceU.S. Citizenship and Immigration Service - Last quarter (prior to 2026-04-13)
Oracle reported 95% increase in net income to $6.13 billion.
1 sourceOracle - Earlier this year
TD Cowen analysts predicted up to 30,000 layoffs and $8-10 billion cash flow savings.
1 sourceTD Cowen analysts
Potential Impact
- 01
Forfeiture of unvested stock impacts employee finances immediately.
- 02
Increased debt over $100 billion raises financial leverage for AI buildout.
- 03
Layoffs may improve cash flow by $8-10 billion, supporting $50 billion capex.
- 04
Loss of experienced staff could affect Oracle's AI project execution.
- 05
Hiring H-1B workers may offset some domestic job cuts.
Transparency Panel
Related Stories
pbs.orgRep. Eric Swalwell Resigns from Congress; FBI Invites Him on Sexual Misconduct Allegations
Rep. Eric Swalwell announced his resignation from Congress on Monday following accusations of sexual misconduct. FBI Director Kash Patel invited him to meet with agents to discuss the allegations. The exit has disrupted the California gubernatorial race, where mail-in voting begi…
Washington ExaminerFreedom 250 Announces Great American State Fair for U.S. Semiquincentennial on National Mall
Freedom 250 announced details of the Great American State Fair on Tuesday, set to occur in Washington, D.C., from June 25 through July 10. The event will mark 250 years of U.S. independence and feature representations of all 56 U.S. states and territories. Interior Secretary Doug…
cnbc.com$150 Million Lawsuit Filed by RJ Cipriani Against Jeff Shell, Including Subpoena for Ari Emanuel
RJ Cipriani filed a $150 million lawsuit against Jeff Shell on Monday. Ari Emanuel, chief of WME and TKO, received a subpoena requiring a deposition on May 19. The case involves alleged text exchanges about a $7.7 billion UFC streaming rights deal.