India, April 7 -- Oracle Corporation has announced the appointment of Hilary Maxson as its new Chief Financial Officer (CFO), just days after reports of layoffs affecting around 30,000 employees globally, including 12,000 in India.

Maxson will report to CEO Clay Magouyrk and will lead the company's global finance organisation. Her appointment became effective on April 6, 2026.

Appointment Comes Amid Rapid Growth

In a statement, Oracle said Maxson is joining at a time of rapid growth, with customer demand for cloud infrastructure outpacing supply. The company highlighted strong momentum driven by demand for AI training and inferencing, multicloud databases, and cloud applications.

Oracle added that its most recent quarter marked its st...