# Oracle names Hilary Maxson CFO with $26 million equity grant after mass layoffs, sparking debate over job cuts.

*business · news · 2026-04-13 · News18*

## Key points

- Oracle appointed Hilary Maxson as CFO with a $26 million equity grant after mass layoffs.
- About 80% of Maxson's equity grant is time-based, with 20% tied to revenue growth through 2028.
- Reports suggest Oracle layoffs disproportionately affected employees with significant unvested stock benefits.
- Unvested restricted stock units are forfeited immediately upon termination under Oracle's severance structure.
- Oracle is increasing AI infrastructure spending and debt while cutting workforce to conserve cash flow.

**Companies:** Oracle Corporation, Schneider Electric, AES Corporation
**Countries:** United States

[Read the full story on News18](https://www.news18.com/business/markets/oracle-layoffs-stir-debate-as-company-unveils-26-million-pay-package-for-new-cfo-ws-l-10030541.html)

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