# Maxson has served as group CFO at Schneider Electric, an energy management and automation company with over $.

*business · news · 2026-04-07 · Times of India*

## Key points

- Oracle appointed Hilary Maxson as CFO immediately after announcing thousands of global layoffs.
- Oracle may cut up to 30,000 jobs overall, with more layoffs expected beyond last week's cuts.
- Oracle is raising up to $50 billion this year via debt and equity to fund AI data center expansion.
- Wall Street projects Oracle's cloud unit cash flow will turn negative until at least 2030 due to spending.

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

[Read the full story on Times of India](https://timesofindia.indiatimes.com/technology/tech-news/less-than-a-week-after-thousands-of-layoffs-oracle-hires-new-cfo-appointment-is-effective-immediately-as-the-company-faces-/articleshow/130073823.cms)

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