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The Latest Breaking News from Salesforce

Salesforce’s once-famous “Aloha Spirit” is getting tested by its Slack, Tableau acquisitions

There’s trouble in paradise for co-founder and co-CEO Marc Benioff amid a rocky integration of the two high-priced companies.

Fortune

Bloodbath of layoffs in tech sector continues into 2023

Amazon and Salesforce are the latest big names to slash thousands of jobs, joining over a thousand more tech companies to have axed employees since the start of last year. On this week's Tech 24, we take a look at the reasons behind the layoffs, and at what employees in…

France 24

Salesforce Announces Layoffs, Gets Mocked by Burry -- But Still Looks Better Than its Rivals

CRM is laying off people and closing its offices, but it's still far ahead of its competitors in many ways.

StockNews.com

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Slack employees are troubled by 'culture clash' with Salesforce

Executives at Slack, the workplace chat app acquired by in 2020, sought to allay employee concerns about Slack’s future Thursday in the wake of recent layoffs, even as they acknowledged a rift between the two companies’ corporate cultures. In an hourlong internal Q&A with Slack employees Thursday, Slack’s senior leadership…

Fortune

Big Tech is ringing in 2023 with thousands of layoffs—and there’s no end in sight

Amazon and Salesforce job cuts signal that the new year will bring more employee reductions, with some rival companies now in the spotlight.

Fortune

Tech company Salesforce announces plans to cut 10 per cent of jobs

The organisation, work messaging app Slack, currently employs over 2,000 people in Ireland

Dublin Live

In latest tech layoffs, Amazon says it will cut 18,000 jobs

E-commerce giant Amazon has announced it will lay off 18,000 people. CEO Andy Jassy says the cuts will mostly affect the human resources teams and the Amazon Stores operations, and will represent around 6 percent of the company's 300,000 corporate workforce. This comes after similar layoff plans took place at…

France 24

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Amazon CEO says company will lay off more than 18,000 workers

The layoffs represent the single largest number of jobs cut at a technology company since the industry began aggressively downsizing last year.

WEKU

Amazon to axe 18,000 workers as more US tech firms cut jobs

Amazon boss blames economic uncertainty and recent rapid hiring while Salesforce cuts 8,000 roles, almost 1 in 10 staff

The Guardian - UK

Amazon, Salesforce jettison jobs in latest tech worker purge

E-commerce giant Amazon and business software maker Salesforce are the latest U.S. tech companies to announce major job cuts

The Independent UK

Salesforce cuts 10% of staff in layoffs as boss admits he 'hired too many people'

The software company will lay off around 8,000 people after going on a wild hiring spree during the pandemic.

Fortune

Hundreds of London tech employees face the sack as Salesforce slashes jobs

Salesforce employs over 2,500 people in the UK, according to its most recent filing with Companies House

Evening Standard

Post-Christmas Boxing Day sales forecast to reach record $23.5 billion

Australian shoppers are expected to spend a record $23.5 billion during the Boxing Day sales period — an increase of 7.9 per cent on last year.

ABC News

'Asking for a friend': Marc Benioff wants to know why Salesforce pandemic hires aren't as productive

Salesforce CEO Marc Benioff told staff that those hired in 2021 and 2022 are "facing much lower productivity."

Fortune

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StockNews.com

2 Software Stocks to Buy This Week and 2 to Avoid

Despite the aggressive rate hikes that plagued tech stocks since the start of the year, the software industry’s prospects look strong, thanks to rapid digitalization and demand for cloud-based solutions. While fundamentally strong software stocks Salesforce (CRM) and Mitek Systems (MITK) could be worth buying to capitalize on the industry’s…

StockNews.com

Should Investors Buy the Dip in Salesforce Stock?

Salesforce (CRM) has endured a fate similar to most tech stocks this year. The customer relationship management provider has fallen more than 48% from its 52-week high. However, with the company guiding for a solid end to the year, will it be wise for investors to buy the dip in…

Fortune

Slack founder Stewart Butterfield is the latest Salesforce exec to leave the company

Slack CEO Stewart Butterfield is departing the company along with the CPO and SVP of marketing.

Asharq Al-Awsat

Slack CEO Butterfield to Depart Next Month

Slack Chief Executive Officer Stewart Butterfield plans to leave the workplace messaging platform in January, parent company Salesforce Inc said on Monday. Lidiane Jones, who is the senior vice-president of product management for Salesforce Commerce Cloud, will take over as CEO of Slack, a company spokesperson said. Business Insider had…

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The New Daily

Underused COVID app to be part of ‘lobbying scandal’ inquiry

Agencies on notice over the "lobbying scandal" focusing on contracts in areas of the government overseen by Stuart Robert.

Fortune

Just 7 Fortune 500 companies employ a co-CEO model after Bret Taylor's exit from Salesforce

Marc Benioff is once again Salesforce's sole CEO.

Fortune

Don’t let Bret Taylor’s Salesforce departure turn your board against co-CEOs. Here’s how to make it work

Asking two CEOs to share power can support diversity, help ward off burnout, and improve a company’s CSR score.

StockNews.com

Should You Buy Salesforce Now or Wait?

Salesforce (CRM) presented mixed financials for its 2022 third quarter. The company’s management is confident of generating broad profit margins shortly. However, the company dismissed a section of its employees in November. Moreover, the stock has lost more than 35% this year. Let’s find out if investors should buy CRM…

Fortune

Slack CEO on Bret Taylor exit: No way to spin this as a good thing

Slack CEO Stewart Butterfield sent a note to staff that his executive team was "surprised" by Bret Taylor's departure from the firm's parent company, Salesforce.

Fortune

Salesforce insiders stunned by co-CEO Bret Taylor departure

Salesforce co-CEO Bret Taylor has stepped down "to return to his entrepreneurial roots" according to a message from Marc Benioff to staff.

WEKU

It's the end of the boom times in tech, as layoffs keep mounting

Amazon will reportedly lay off 10,000 employees as soon as this week. That follows job cuts at Meta, Twitter, and Stripe, with CEOs citing economic uncertainty and a slowdown in online ad buying.

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Dipanjan BanchurSince

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