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The Latest Breaking News from Marc Benioff

Salesforce reportedly pays actor Matthew McConaughey $10m a year despite layoffs

McConaughey has reportedly been involved in "high-level corporate discussions" as well as fronting multi-million dollar adverts.

Fortune

Stocks Nudge Higher, Novavax, HP, Lowe's, Salesforce in Focus - Five Things To Know

Stocks nudge higher on strong China data after February slump; Novavax plunges as vaccine maker casts doubt on company's future; HP shares get boost from solid profit outlook, cost-cutting; Lowe's earnings on deck after muted Home Depot spending outlook and Salesforce earnings to highlight extent of activist pressure on CEO…

The Street

Anger as Salesforce ‘paying Matthew McConaughey $10m a year for creative advice’ as it lays off hundreds

McConaughey is reportedly a friend of Salesforce founder and co-CEO Marc Benioff

The Independent UK

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Tech giant Salesforce is caught in a war with employees that sums up the pandemic workplace

It’s not the first time Marc Benioff has suggested remote work was bad for productivity.

Fortune

Salesforce braces for investor pressures

After years of fast growth and costly acquisitions, Salesforce is facing post-pandemic realities that have taken a toll on Big Tech sales and profits.

Tribune News Service

Salesforce CEO Marc Benioff says his rambling 2-hour all-hands meeting about layoffs was a bad idea

In January, Salesforce said it would lay off 10% of its employees. A call after the news broke didn't bode well with employees, and now, CEO Marc Benioff admits it was a bad idea.

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

Salesforce Stock Gains As Third Point Adds Name To Long Activist Investor List

"Activism is clearly now circling the Salesforce name in droves ... creating a 'perfect storm' for CEO Marc Benioff," said Wedbush analyst Dan Ives.

The Street

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

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

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

Salesforce Leaps On Possible Board Changes Following Activist Stake

Salesforce is said to be mulling big board changes following news that activists have taken stakes in the enterprise software group.

The Street

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

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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

The Street

Salesforce Stock Higher As Elliott Management Builds Activist Stake

Elliott joins Starboard Value as activists with a significant stake in Salesforce as it moves ahead with cost cuts and margin improvement plans under CEO Marc Benioff.

The Street

Stocks Mixed, Tech Earnings, Salesforce, AMD, Debt Ceiling - Five Things To Know

Stock futures mixed as market eyes tech, dollar slides; Week Ahead: big earnings wave, PCE inflation data in focus; Salesforce shares leap as Elliott Management builds activist stake; AMD shares extend gains after Barclays upgrade and lawmakers move to tweak debt ceiling calculation.

Axios

Activist investor Elliott sets its sights on Salesforce

What Elliott wants, it typically gets.

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news in one place.

100’s of premium titles.
One news app.

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.

Fortune

Are remote workers lazy?

Experts are conflicted on whether remote workers are more (or less) lazy than their in-office counterparts. Here's their advice for employers on increasing productivity.

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.

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.

Fortune

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.

The Guardian - UK

Job cuts and falling shares: how did it all go so wrong for the US tech sector?

As Amazon axes 18,000 roles and Tesla loses 65% of its value, we examine the causes of the glitch hitting Silicon Valley

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Mangeet Kaur BounsMangeet

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