The Latest Breaking News from Salesforce

Salesforce (CRM) reported higher-than-expected EPS and revenue in the fiscal third quarter. Moreover, the company has guided for a strong end to fiscal 2023. However, with competition rising in various parts of its business and economic conditions remaining uncertain, will it be wise to buy the stock now? Read on…

“Ultimately, it keeps coming back to, simply, these companies added too many people too fast,” Deepwater Asset Management’s Gene Munster said on Monday.

Amid global challenges, businesses need to gear up for cost efficiencies, increase productivity through automation and find the right solutions to accelerate growth while gaining customer insights through real-time data collection and analytics.

With concerns of an impending recession, it may be wise for investors to invest in large-cap companies as they are least affected by economic cycles. Therefore, fundamentally strong large-cap stocks Walmart (WMT) and Procter & Gamble (PG) could stabilize investors’ portfolios. Read more….

Amazon, Salesforce and Goldman Sachs have also announced cuts during a brutal January for corporate workers.

Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, according to media reports on Tuesday. The computer industry stalwart could announce layoffs in its engineering divisions as early as Wednesday, Bloomberg News reported. A Microsoft spokesperson…

Societal trust is fraying. That's bad news if we want a functioning economy, writes Salesforce's Peter Schwartz.

Amazon is laying off more than 18,000 workers. Salesforce is shedding 8,000, and Twitter has let go thousands more.

“Laid-off tech workers who choose to take control of their destiny and start companies” will be the year's big winners, predicts Jason Calacanis.