Oracle CFO says 'doing more with less' isn't the answer in all-hands after layoffs
Business Insider
Oracle's CFO told employees the company rejects the 'do more with less' mindset after recent layoffs.Summary
Oracle's new Chief Financial Officer, Hilary Maxson, used her first all-hands meeting to tell employees that the phrase 'doing more with less' is not the company's approach following a new round of layoffs. The cuts, which reduced Oracle's workforce by 21,000 employees (13%) in the last fiscal year, are aimed at offsetting massive capital expenditures for AI and data center expansion. Maxson emphasized strategic resource allocation and simplifying processes instead. Executives focused on growth and AI opportunities, with Co-CEO Mike Sicilia urging employees to focus on customer outcomes amid the changes.
(Source：Business Insider)