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The Latest Breaking News from Salesforce

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

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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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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…

StockNews.com

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.

Fortune

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…

Asharq Al-Awsat

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.

The New Daily

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.

Fortune

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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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news in one place.

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Benzinga

Salesforce Unusual Options Activity For November 11

A whale with a lot of money to spend has taken a noticeably bearish stance on Salesforce. Looking at options history for Salesforce (NYSE:CRM) we detected 33 strange trades.

Benzinga

Mark Zuckerberg Takes Blame As Meta Lays Off 13% Of Workforce, Elon Musk's Tesla Stock Sale May Not Sit Well With Investors, Netflix Eyes Sports Leagues: Top Stories Wednesday, Nov. 09

Benzinga

Salesforce, Atlassian And 2 Other Stocks Insiders Are Selling

Gold futures traded sharply higher this morning on Friday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

Looking At Salesforce's Recent Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bullish stance on Salesforce. Looking at options history for Salesforce (NYSE:CRM) we detected 21 strange trades.

StockNews.com

The 5 Best Software Stocks to Buy This Week

Despite the rampant market sell-off this year, the software industry is expected to stay buoyed due to its growth potential. Hence, software stocks Oracle (ORCL), Salesforce (CRM), Autodesk (ADSK), Synopsys (SNPS), and Commvault (CVLT) could be ideal buys this week, given their solid fundamentals. Read on….

Fortune

What CEOs think about the increasing focus on employee wellness

"People understanding that we embrace their uniqueness actually drives better connection to the company."

Benzinga

Salesforce Unusual Options Activity For October 27

Someone with a lot of money to spend has taken a bearish stance on Salesforce (NYSE:CRM). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

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Dipanjan BanchurSince

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