bulletinhistoryconnectmaincategories
missionhelpchatblogs

Oracle's new CFO got $26M in stock after layoffs. Employee says an 'algorithm' targeted workers with stock options first

April 11, 2026 - 20:09

Oracle's new CFO got $26M in stock after layoffs. Employee says an 'algorithm' targeted workers with stock options first

A significant disconnect between executive compensation and workforce management has emerged at tech giant Oracle. This follows the revelation that the company's new Chief Financial Officer received a staggering $26 million in stock awards shortly after a wave of layoffs swept through the organization.

The timing of the lucrative stock grant has raised eyebrows, as it coincided with employee reports of a recent round of job cuts. According to one affected worker, the selection process for these layoffs appeared systematic, with an internal "algorithm" allegedly targeting longer-tenured employees who held valuable stock options. This has fueled internal criticism and concerns over the impersonal nature of the workforce restructuring.

These personnel reductions unfolded against a backdrop of robust corporate financial health. Oracle simultaneously reported a dramatic 95% surge in quarterly profit, highlighting strong performance. Furthermore, the company has remained active in seeking specialized talent from abroad, filing paperwork for 3,100 H-1B visa petitions, a common practice for hiring skilled foreign workers in the technology sector.

The juxtaposition of deep layoffs, immense executive payouts, record profitability, and ongoing visa applications paints a complex picture of Oracle's current corporate strategy, one that continues to spark debate about priorities and personnel practices in the modern tech industry.


MORE NEWS

AI cash flow is booming for chipmakers & plummeting for Big Tech: Charts of the Day

July 11, 2026 - 01:27

AI cash flow is booming for chipmakers & plummeting for Big Tech: Charts of the Day

The artificial intelligence boom is reshaping the financial landscape for major tech players, but not in the way many expected. According to recent market analysis, free cash flow in the AI sector...

Aria Raises $283 Million to Grow Its Invoice Financing Platform

July 10, 2026 - 04:16

Aria Raises $283 Million to Grow Its Invoice Financing Platform

French embedded invoice financing company Aria has secured $283 million in new funding, with the majority structured as debt. The company announced the raise on Thursday, July 9, revealing that $8...

From Participants to Power-Holders: VersaFi Initiates a Study on Women in Finance’s Risk-Taking Roles

July 9, 2026 - 00:02

From Participants to Power-Holders: VersaFi Initiates a Study on Women in Finance’s Risk-Taking Roles

TORONTO, July 08, 2026 -- VersaFi, recognized as Canada`s largest professional network for women in finance, has announced the launch of a new study focused on the career paths of women in...

Oil prices jump as Iran attacks vessels in Hormuz strait, US revokes license allowing Iran to sell oil

July 8, 2026 - 03:15

Oil prices jump as Iran attacks vessels in Hormuz strait, US revokes license allowing Iran to sell oil

Oil prices jumped sharply on Tuesday following a series of attacks by Iranian forces targeting vessels in the Strait of Hormuz. The escalation prompted the US Treasury Department to revoke a...

read all news
bulletinhistoryconnectmaincategories

Copyright © 2026 Coinlyt.com

Founded by: Eric McGuffey

missionhelpchatpicksblogs
data policycookiesterms of use