salesforce Salesforce Trims Workforce by 10% Amid Shifting Tech Priorities Salesforce cuts approximately 7,000 employees as the software giant pivots toward profitability and new technology investments. The layoffs reflect a broader trend of cost-cutting across the technology sector.
salesforce Salesforce Trims 10% of Workforce Amid Pandemic Hiring Overshoot Salesforce reduces its staff by over 7,000 employees and closes select offices as CEO Marc Benioff admits the company hired too aggressively during the pandemic boom.
salesforce Salesforce Co-CEO Bret Taylor Resigns to Pursue Entrepreneurial Ventures Bret Taylor unexpectedly steps down as Salesforce co-CEO, leaving Marc Benioff as the sole leader. The departure follows a turbulent year that also saw Taylor lose his board chair role at Twitter.
black friday Black Friday Online Sales Hit Record $9.12 Billion Despite Economic Headwinds Online Black Friday sales reach a record $9.12 billion, edging past last year's figures despite inflation and economic concerns. Consumers actively hunt for steep discounts across electronics, toys, and apparel.
activist investors Activist Investors Target Tech Sector as Salesforce Stake Sparks New Interest Starboard Value's newly revealed stake in Salesforce highlights a growing trend of activist investors targeting major tech companies. These campaigns generally boost short-term stock prices and often lead to lasting financial gains.
artificial intelligence AI Predicts Startup Success and Simulates Platform Economies Researchers use reinforcement learning to reveal how revenue-maximizing platforms impact social welfare during economic shocks, while another AI system predicts which startups will receive funding.
salesforce Salesforce Open-Sources CodeT5 to Improve AI Code Generation Salesforce researchers release CodeT5, an open-source AI system that understands and generates code by incorporating structural programming knowledge instead of relying solely on natural language processing techniques.
ibm IBM Unveils Watson Orchestrate to Boost Business Productivity IBM introduces Watson Orchestrate, an AI-powered tool that lets business professionals automate routine tasks using natural language commands. The tool integrates with popular enterprise applications to streamline workflows without requiring any IT skills.
salesforce Salesforce Ventures Leads $15M Investment in Indian HR Startup Darwinbox Indian HR tech startup Darwinbox raises $15 million in a Series C round led by Salesforce Ventures to expand its cloud-based platform across Asia.
cyber monday Cyber Monday Spending Hits $10.8 Billion Amid Muted Pandemic Holiday Season Cyber Monday 2020 generates $10.8 billion in US online sales, marking a 15.1% increase over last year despite falling short of initial projections. The pandemic alters consumer habits, pushing total holiday season e-commerce spending past $100 billion.
slack Salesforce Acquisition Rumors Push Slack Stock Up 25 Percent Shares of Slack surge nearly 25 percent amid reports that Salesforce is considering acquiring the workplace chat platform. The potential deal aims to combine Slack's workflow tools with Salesforce's extensive CRM ecosystem.
salesforce Salesforce in Talks to Acquire Slack in Record Software Deal Salesforce is reportedly negotiating to buy workplace messaging app Slack in a deal that could be announced next week. The potential acquisition ranks among the largest software deals in tech history and gives Salesforce a major weapon against Microsoft Teams.
salesforce Salesforce Nears Major Deal to Acquire Workplace Chat App Slack Slack shares surge as reports emerge that Salesforce is in advanced talks to buy the messaging platform. The potential acquisition highlights the massive shift toward remote work software during the pandemic.
salesforce Salesforce Prepares to Acquire Slack in Major Enterprise Move Salesforce is expected to announce the acquisition of workplace messaging platform Slack next week. This deal marks a significant shift in the enterprise software landscape as Salesforce expands its collaboration capabilities.
snowflake Cloud Data Firm Snowflake Prices Record $33.3 Billion IPO Snowflake prices its initial public offering above an increased range, valuing the cloud data company at $33.3 billion. Major investors like Berkshire Hathaway and Salesforce back the highly anticipated offering as the cloud software market surges.