Oracle on Monday named Clay Magouyrk and Mike Sicilia as its new co-chief executives, replacing Safra Catz, who will shift into the role of executive vice chair of the board after more than a decade as top dog.

The leadership shake-up comes on the heels of mass layoffs, leaving many to question whether the company's big bet on AI and cloud is coming at the expense of its own people.

Magouyrk, who joined Oracle from AWS in 2014, led the corporation's second-generation cloud infrastructure program and is credited with much of the design and commercialization of OCI. Sicilia ran Oracle's industry applications unit, overseeing software for sectors such as healthcare, banking, and retail, and pushing the use of intent-based application generation and embedded AI agents.

Together, the pair is

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