Oracle Chief Financial Officer Hilary Maxson told employees on Tuesday that the company's latest round of layoffs should not be understood as a directive to do more with fewer resources, according to Business Insider, which reviewed a recording of the remarks.
"I don't mean doing more with less, which is a phrase that I really, really don't like," Maxson said. "It means simplifying processes that don't help customers and making clear choices on where we're going to use our resources where they have the greatest impact."
The comments came during Maxson's first companywide meeting since joining Oracle, held one day after the company began a new round of job cuts. According to Business Insider, the layoffs went unmentioned by Maxson and the other executives who spoke during the roughly hour-long town hall. Instead, executives focused on growth, customer demand, and artificial intelligence.
Co-CEO Mike Sicilia used the meeting to offer employees a mantra for the quarter. "I'd ask you to keep asking a very simple question: How does the work that I'm doing help deliver a better outcome for a customer?" Sicilia said. "There's a lot of change around this, a lot going on in the world, and in moments like this, how we work together and how we show up for our customers and for each other matters most."
The latest cuts follow a significant reduction in Oracle's workforce over the past year. According to a regulatory filing, Oracle shed approximately 21,000 positions — representing about 13% of its workforce — across the fiscal year that closed on May 31, 2026.
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"I don't mean doing more with less, which is a phrase that I really, really don't like," Maxson said. "It means simplifying processes that don't help customers and making clear choices on where we're going to use our resources where they have the greatest impact."
The comments came during Maxson's first companywide meeting since joining Oracle, held one day after the company began a new round of job cuts. According to Business Insider, the layoffs went unmentioned by Maxson and the other executives who spoke during the roughly hour-long town hall. Instead, executives focused on growth, customer demand, and artificial intelligence.
Co-CEO Mike Sicilia used the meeting to offer employees a mantra for the quarter. "I'd ask you to keep asking a very simple question: How does the work that I'm doing help deliver a better outcome for a customer?" Sicilia said. "There's a lot of change around this, a lot going on in the world, and in moments like this, how we work together and how we show up for our customers and for each other matters most."
The latest cuts follow a significant reduction in Oracle's workforce over the past year. According to a regulatory filing, Oracle shed approximately 21,000 positions — representing about 13% of its workforce — across the fiscal year that closed on May 31, 2026.
#business #round
2 months ago
