# Oracle Corporation (NYSE:ORCL) shares are trading lower during Monday’s session.

*business · news · 2026-04-06 · Benzinga*

## Key points

- Hilary Maxson became Oracle's CFO on April 6, 2026, succeeding Doug Kehring.
- Oracle reportedly laid off about 18% of its global workforce, with up to 30,000 jobs at risk.
- Oracle plans to lay off 475 employees in Seattle, effective June 1, 2026.
- Oracle's next earnings estimate is $1.82 EPS and $19.09 billion revenue, both higher than prior quarters.
- Oracle's stock is underperforming the market despite strong growth and premium valuation.

**Companies:** Oracle Corporation
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/markets/large-cap/26/04/51659853/oracle-brings-in-schneider-electric-veteran-to-lead-finance)

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