Oracle hires new CFO with $29.7 million package after laying off 30,000 employees.

Oracle has appointed Hilary Maxson as its new chief financial officer, offering a compensation package of about $29.7 million, days after the company reportedly laid off thousands of employees globally. Maxson will receive an annual base salary of $950,000 and will be eligible for a performance-based bonus of up to $2.5 million, according to a company filing. Her compensation also includes a $26 million equity grant, with 80% tied to time-based vesting and 20% linked to performance targets. She will also receive a relocation allowance of $250,000. The equity component may be structured as either 100% stock options or a mix of stock options and restricted stock units. Maxson will assume the role starting April 6, 2026. The bonus for the current fiscal year will be prorated through May 31, Oracle said. Her appointment comes shortly after Oracle reportedly laid off about 30,000 employees worldwide, including around 12,000 in India, as part of cost-cutting measures linked to increased automation and AI.