Oracle CFO Hilary Maxson told employees during her first companywide meeting that recent layoffs should not be interpreted as a mandate to do more with fewer resources. Instead, she said Oracle wants to simplify processes that do not help customers and direct spending toward areas with the greatest impact. Co-CEO Mike Sicilia urged employees to connect their work with improved customer outcomes. The meeting came one day after Oracle began another round of job cuts, which executives did not discuss publicly during the roughly hour-long event. Oracle shed about 21,000 positions, or 13% of its workforce, during the fiscal year ended May 31, 2026, according to a regulatory filing. The company expanded its 2026 Restructuring Plan by about $700 million to roughly $2.8 billion and had recorded about $2.1 billion in charges through Aug. 31. Capital expenditures reached $28.5 billion in the quarter ended Aug. 31, up from $8.5 billion a year earlier, while Oracle maintained its fiscal 2027 spending forecast of $90 billion to $95 billion. Business Insider reported the latest layoffs, while a person familiar with the matter said headcount reductions were part of Oracle's response to infrastructure-spending pressure.