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The Latest Breaking News from Salesforce

Job cuts widen as tech, biotech firms plan fresh rounds of layoffs

Tech and biotech companies have begun to reveal plans for multiple rounds of job cuts in the Bay Area, disquieting disclosures that suggest the current layoff surges will be ongoing.

Tribune News Service

Slack is leaving its SF HQ and moving into Salesforce Tower

Slack employees leave 500 Howard Street and move into Salesforce Tower at the end of February.

Fortune

1 Tech Stock You'll Wish You Bought Sooner

Leading cloud-based software company Salesforce (CRM) delivered double-digit top-line growth in its last reported quarter. Moreover, the company raised its guidance for fiscal 2023. CRM is well-positioned to achieve solid growth owing to product innovations and multi-cloud expansions. Therefore, this tech stock is an ideal buy now. Read on….

StockNews.com

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Gold rush fever over ChatGPT hits Bret Taylor as the former Salesforce crown prince set to found his 3rd startup

Instead of inheriting the throne from Marc Benioff, Taylor seizes on the A.I. trend, his latest bandwagon after previously selling his two previous companies to Facebook and Salesforce.

Fortune

Microsoft to lay off 120 Irish staff as part of global job cuts

Microsoft had previously announced it was going to cut a whopping 11,000 of its 221,000 full-time jobs across the world

Dublin Live

Elon Musk’s cost cutting at Twitter reaches the next level after layoffs and stiffing landlords. Now he wants to dump pricey software used by his employees

Twitter’s cost cutting may include jettisoning Salesforce software, which employees use as part of their jobs.

Fortune

3 Great Stocks to Buy More of Today

While the Fed’s interest rate increases have shown some success in easing inflation, the stronger-than-expected jobs report suggests that the Fed has more work to do. Continued interest rate hikes will likely push the economy into a recession. Amid an uncertain economic backdrop, it could be wise to buy shares…

StockNews.com

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Remote work is changing the way new apartments are designed

“Three years ago, we would’ve never thought about what the background looks like on a Zoom call. Those are things we’re thinking about."

Fortune

New waves of tech layoffs will eliminate more than 1,000 Bay Area jobs

FREMONT — Five tech companies, including software and hardware firms, have revealed plans to slash well over 1,000 Bay Area jobs, marking a fresh wave of cutbacks, new state government filings show.

Tribune News Service

Trouble in Marc Benioff's cloud paradise

Salesforce's Ohana motto likens the company to a family. But recent layoffs have caused tensions in the family.

Fortune

Oracle, Salesforce and 1 Other Software Stock to Buy in 2023

The software industry encountered various macroeconomic challenges last year. However, the industry's prospects remain strong, owing to increased IT spending and growing cloud services adoption. Hence, it could be wise to invest in fundamentally sound software stocks Oracle (ORCL), Salesforce (CRM), and Progress Software (PRGS) this year. Continue reading….

StockNews.com

1,900 employees disappear from Salesforce’s all-employee Slack channel as layoffs leave those still with jobs confused and upset

One laid-off worker had just received a surfboard from the company as congratulations for five years of service.

Fortune

PayPal chops hundreds of Bay Area jobs in fresh jolt to tech sector

SAN JOSE, California — PayPal has revealed plans for a fresh round of job cuts in San Jose, a staffing reduction that serves as a disquieting sign that the Bay Area’s tech layoffs have yet to run their course.

Tribune News Service

Salesforce to lay off 200 employees from Dublin office

The tech giant announced last month that it was slashing 10% of its jobs i.e. around 8,000 of its workforce globally in another major blow to the tech industry

Dublin Live

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Fortune

It’s no surprise Salesforce’s shareholders are demanding a reset

But that doesn’t necessarily mean a rejection of Marc Benioff’s social focus.

StockNews.com

Salesforce Stock: Buy or Sell Right Now?

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…

Fortune

A top tech analyst just warned another 15% to 20% of big tech employees could be laid off over the next 6 months

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

Fortune

Apple, Disney, Salesforce: Why are the world’s best companies failing to innovate on the future of work?

Disney and Apple have adopted a traditionalist perspective on how to innovate, which ironically hinders innovation, writes Gleb Tsipursky.

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The Guardian - UK

Activist investor Elliott takes stake in Slack owner Salesforce

US investment group typically buys stakes in underperforming firms and seeks changes to way they are run

Axios

Activist investor Elliott sets its sights on Salesforce

What Elliott wants, it typically gets.

Fortune

Layoffs etiquette: Microsoft and others are showing us what not to do when eliminating jobs

There’s no good way to eliminate thousands of jobs. But some ways are worse than others.

Bangkok Post

Salesforce boosts firms via digital power

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.

StockNews.com

2 No-Brainer Large Caps to Add to Your Portfolio Right Now

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….

WEKU

Microsoft slashes 10,000 jobs, the latest in a wave of layoffs

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

Asharq Al-Awsat

Microsoft to Cut Staff Again

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…

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