Oracle Appoints Hilary Maxson As CFO – ORCL Stock Falls 1%

• Last week, Oracle reportedly cut nearly 30,000 jobs globally as part of a major overhaul focused on AI investments and cost control.
• In February, Oracle announced plans to raise $45 billion to $50 billion in 2026.
• ORCL shares have lost more than 25% so far this year.

Oracle Corporation (ORCL) on Monday announced the appointment of Hilary Maxson as its new Chief Financial Officer, just days after the technology giant reportedly cut around a fifth of its entire workforce.

ORCL shares fell 1% on Monday.

Doug Kehring To Step Down

Maxson had previously served as the executive vice president and group CFO of Schneider Electric. Doug Kehring will step down from his role as Principal Financial Officer.

"Hilary's experience spans industrial, infrastructure, and software businesses—sectors where capital intensity and execution excellence are critical to success. Alongside Mike Sicilia, CEO, we are looking forward to working together with our new CFO," said Clay Magouyrk, CEO, Oracle.

Meanwhile, retail sentiment for ORCL on Stocktwits has remained in the ‘bearish’ zone for more than a week.

Reports Of Job Cut  

Last week, Oracle reportedly cut nearly 30,000 jobs globally as part of a major overhaul focused on AI investments and cost control. 

The layoffs, impacting about 20% of its workforce, were carried out across multiple regions, including the U.S., India, and Canada. It coincides with the company’s push to expand its data centers to handle growing demand for AI workloads. 

In February, Oracle announced plans to raise $45 billion to $50 billion in 2026, using both debt and equity, to support clients like AMD, Nvidia, and OpenAI.

The tech giant's free cash flow turned negative in fiscal 2025, dropping $394 million, after generating a total of $25.3 billion over the three years from 2022 to 2024.

Year-to-date, the stock has shed more than 25%.

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