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Hilary Maxson, Oracle's chief financial officer, has told employees that the company’s latest layoffs are not about “doing more with less,” but about simplifying processes and directing resources toward areas with the greatest customer impact. Her comments came during her first companywide meeting, one day after Oracle began another round of job cuts, although executives reportedly did not directly discuss the layoffs during the meeting. Oracle eliminated approximately 21,000 positions, or about 13% of its workforce, during the fiscal year ended May 31st 2026, and has expanded its 2026 restructuring plan by approximately $700m to an estimated $2.8bn. The cuts come as Oracle sharply increases investment in AI infrastructure and data centers, with capital expenditures reaching $28.5bn in the quarter ended August 31st, up from $8.5bn a year earlier. The company continues to forecast fiscal 2027 capital spending of $90bn-$95bn.
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