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Posted on 04/06/2026 12:05:40 PM PDT by Angelino97
Software giant Oracle has named Hilary Maxson as its new chief financial officer amid thousands of layoffs that sent shockwaves through the company.
Maxson, 48, formerly of Schneider Electric, assumes the role effective immediately with an annual base salary of $950,000 and eligibility for a performance-based bonus targeting $2.5 million, according to a regulatory filing.
The technology company made the appointment amid rising debt from its extensive AI infrastructure investments, CNBC reported.
A Cornell graduate with an MBA, Maxson has a decorated career in financial services, including stints at The AES Corporation, Citibank and Bank of America.
The appointment comes as Oracle faces widespread criticism for mass job cuts.
Employees across the US, India, Canada and other regions received early morning emails last Tuesday informing them their roles were being eliminated as part of a “broader organizational change.” Those affected were told they could receive severance after signing termination paperwork.
The layoffs coincided with revelations that Oracle has been actively filing petitions to hire foreign workers under the H-1B visa program. US Citizenship and Immigration Services data show the company filed roughly 3,126 petitions in fiscal years 2025 and 2026, including 436 this year alone.
The news sparked outrage on social media and anonymous employee forums, where workers decried the move as a “slap in the face” to US citizens laid off after years of service.
(Excerpt) Read more at nypost.com ...
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That’s a rather ordinary comp package for a CFO of a tech company like Oracle.
That’s what I was thinking.
Not exactly a mammoth salary there...
” after a ruthless worker bloodbath!..”
Lol.
Much less than I would have expected.
That is not a huge salary for a SV executive.
Stock options are probably very lucrative.
Getting rid of 30k of H1b from India should have happened a long time ago.
Perhaps Intel will do the same thing as it was outsourcing that put them in the trouble they are currently in.
Agreed. As comparison, Safra Catz was making $950K per year as the CFO of Oracle until her recent promotion. Paying the new person the same thing is basically a pay cut with inflation.
The H1b scam needs to be permanently shut down. If you want to do business in the U.S. then you should have to hire Americans. There is zero reason to need to hire from overseas, we’ve got plenty of American software engineers. Not wanting to pay U.S. wages isn’t a valid reason to import third worlders.
I remember once when I was let go from computer desktop software development for a government agency and asked to train my replacement. I was a temp before they held civil service tests.
The civil service test asked things like how you would mount the tape drive on a vax vms machine (they did not have any of those) and other 20 year old outdated questions...
He was literally mowing the lawns at the parks department the week before. He was the cousin of the county exec.
They had another guy whose job it was to make paper printouts of the last month reports. Boxes of output. Then burn the previous months reports. No one ever looked at them.
That was funny.
Mammoth after a bloodbath is bad
Maybe those laid off should learn to code. Oh, wait...
Lots of Oracle employees sleepless in Seattle these days.
I thought so too but I still think they make too much. Consider though that stopping a company from spending far worse than drunken sailors on something that has a similar prospect of profitable gain to the booze they are swilling (AI) really isn’t that much of a challenge.
“Maxson, 48, formerly of Schneider Electric, assumes the role effective immediately with an annual base salary of $950,000 and eligibility for a performance-based bonus targeting $2.5 million, according to a regulatory filing.” You’re doing ok Hilary.
The partition of India in 1947:
Deaths = 200,000–2 million
Displaced = 12–20 million displaced
Number of H1B visas issued over the last 10 years:
5+ million
And we don’t know if any of them actually have gone home.
The ‘prospect of profitable gain’ ship has already sailed.
Hyperscaler cloud margins are at record levels. Palantir just posted its strongest growth in years with accelerating profitability. AI-driven productivity gains are showing up in earnings calls across every major sector. We’re not debating a speculative bet anymore–we’re watching the returns arrive in real time.
The ‘drunken sailor’ analogy made more sense in 2022. It’s 2026.
My disdain for a government that continues to put Americans (our kids and grandkids) last is beyond words! Our government (R, D, I) is controlled by and dictated to by $$ - that translates into big corporations (their lobbyists) having their way with H1B hires.
H1B hires make corporations money - period!
There are 350 million Americans. We have world-class education and training capabilities that can ready Americans for ANY job in short order if demand necessitates. The problem is that it's in a corporation's interest to fill demand with H1B hires. Spare me the argument that we need foreigners to fill ANY U.S. job. We don't.
The news here is that Oracle fired workers and is attempting to replace them with indentured servants from foreign nations. $1-3 million isn’t a lot when tasked with saving a company with $17 billion in revenue. But what Oracle has done should be considered felonious fraud, and if the statutes don’t allow such prosecution, Congress is morally guilty of treason (of course).
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