Oracle Corporation has appointed Hilary Maxson as its new CFO just days after laying off around 30,000 employees globally, highlighting a major shift in its corporate strategy toward AI and cloud infrastructure. Maxson’s total compensation package is valued at about $29.7 million, including a $950,000 base salary, a $2.5 million performance bonus, and roughly $26 million in equity grants. The layoffs, which included about 12,000 employees in India, are part of Oracle’s restructuring efforts as it ramps up spending on AI data centers and plans up to $50 billion in capital expenditure. The timing of a high-value executive appointment alongside mass layoffs has sparked criticism, raising questions about cost-cutting priorities and how major tech companies are reallocating resources during the AI transition. Follow entrepreneurbeingentrepreneur for more content like this! #oracle #ai #layoffs #business #tech