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The Latest Breaking News from Salesforce

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

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.

Fortune

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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…

StockNews.com

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.

Fortune

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

The Guardian - UK

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Activist investor Elliott sets its sights on Salesforce

What Elliott wants, it typically gets.

Axios

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.

Fortune

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.

Bangkok Post

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….

StockNews.com

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.

WEKU

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…

Asharq Al-Awsat

Microsoft to layoff thousands of workers, says report

NEW DELHI: Microsoft employees are facing yet another bout of job cuts, as tech giants continue to pare staf amid persisting challenges to global economy.

The Times of India

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Fortune

Technology has set us on a path toward one of two dystopian scenarios–but it's not too late to save democracy

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

Los Angeles Times

Commentary: Think Big Tech’s thousands of layoffs indicate a coming recession? Think again

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

Fortune

Tech giants are shedding workers and real estate. Employees-turned-entrepreneurs could win big—and snag sweet offices

“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.

Fortune

Goldman Sachs employees were laid off at ‘meetings’ they had been emailed calendar invites for: Report

Add “David’s Demolition Day” at Goldman Sachs to the debate on proper layoffs etiquette.

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news in one place.

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Birmingham Post

The 50 best UK companies to work for in 2023

Employment website Glassdoor has put together its list of the top businesses in the country to work for this year

Fortune

Salesforce and Twitter show how tech severance packages vastly differ

The parameters and details of severance packages vary widely across the tech sector.

Fortune

How businesses are preparing a new generation of finance leaders

A new generation of talent is reevaluating their relationship to where, how, and why they work.

Tribune News Service

Salesforce discloses plans to ax more than 700 Bay Area tech workers

Salesforce has revealed plans to jettison well over 700 workers in the Bay Area one of the largest rounds of layoffs yet for the region’s woozy tech sector, according to a new filing with state labor officials.

Fortune

How determine the right number of employees to hire to avoid layoffs

Two talent experts share how employers can prevent mass layoffs due to overhiring talent.

Fortune

Salesforce ‘Ohana’ in doubt after CEO Marc Benioff avoids questions about layoffs in all-hands meeting

“Ohana,” a Hawaiian concept Benioff wove into Salesforce's culture, conveys family bonds that encourage people to be responsible for each other.

Fortune

Some Salesforce offices are 90% empty

Salesforce tells staff it's scaling back its office space after cutting 10% of staff.

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Dipanjan BanchurSince

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