Oracle CFO Emphasizes Thoughtful Spending Over 'Doing More With Less' After Layoffs
In her first company-wide meeting following recent layoffs, Oracle's newly appointed Chief Financial Officer Hilary Maxson emphasized the importance of thoughtful spending and simplifying processes that do not benefit customers. She clarified that the goal is no longer to focus on 'doing more with less,' a phrase often associated with cost-cutting measures. Co-CEO Mike Sicilia also encouraged employees to consider how their work contributes positively to customer outcomes. Oracle has been undergoing significant workforce reductions, having cut 21,000 jobs—about 13% of its total workforce—in the past year due to AI integration across operations. The company is now reportedly beginning another round of layoffs, with some teams facing double-digit percentage cuts. These job losses have sparked broader discussions about how AI adoption affects employment and economic stability. The recent changes at Oracle highlight growing concerns over the impact of automation on jobs in general. Senator Elizabeth Warren has warned that AI could eliminate millions of positions if not carefully managed by policymakers.
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