These days, it is quite sexy f

2022-11-09

These days, it is quite sexy for big tech companies to lay off employees.......the CEOs called this exercise "prudence", while some others called it "right sizing" 🤔

Yester-year, these same companies were busy scouting new hires and willing to pay top dollar to get them........the CEO called this exercise "talent acquisition"🤓

Salesforce Cuts Hundreds of Sales Workers on "Accountability"

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

JonLucky
2022-11-09
JonLucky
the winds of painful change is blowing
Shan_shine
2022-11-09
Shan_shine
Recession soon, signs are there
MTamil
2022-11-09
MTamil
👌👌👌👌
csyen
2022-11-09
csyen
Ok
Daphanie
2022-11-09
Daphanie
k
Rabbit07
2022-11-09
Rabbit07
ok

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":9987437749,"tweetId":"9987437749","gmtCreate":1667959877282,"gmtModify":1676537990884,"author":{"id":4099263395755910,"idStr":"4099263395755910","authorId":4099263395755910,"authorIdStr":"4099263395755910","name":"AhBart","avatar":"https://static.itradeup.com/news/5c8a0140b30f2d6c3be37b2ad1a1efe8","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":12,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>These days, it is quite sexy for big tech companies to lay off employees.......the CEOs called this exercise \"prudence\", while some others called it \"right sizing\" 🤔</p> <p>Yester-year, these same companies were busy scouting new hires and willing to pay top dollar to get&nbsp;them........the CEO called this exercise \"talent acquisition\"🤓</p></body></html>","htmlText":"<html><head></head><body><p>These days, it is quite sexy for big tech companies to lay off employees.......the CEOs called this exercise \"prudence\", while some others called it \"right sizing\" 🤔</p> <p>Yester-year, these same companies were busy scouting new hires and willing to pay top dollar to get&nbsp;them........the CEO called this exercise \"talent acquisition\"🤓</p></body></html>","text":"These days, it is quite sexy for big tech companies to lay off employees.......the CEOs called this exercise \"prudence\", while some others called it \"right sizing\" 🤔 Yester-year, these same companies were busy scouting new hires and willing to pay top dollar to get them........the CEO called this exercise \"talent acquisition\"🤓","highlighted":1,"essential":1,"paper":1,"likeSize":50,"commentSize":41,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9987437749","repostId":2282910619,"repostType":4,"repost":{"id":"2282910619","kind":"highlight","pubTimestamp":1667958623,"share":"https://www.laohu8.com/m/news/2282910619?lang=&edition=full","pubTime":"2022-11-09 09:50","market":"us","language":"en","title":"Salesforce Cuts Hundreds of Sales Workers on \"Accountability\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2282910619","media":"Bloomberg","summary":"Software giant is focusing on margins in a souring tech marketCompany has almost tripled the number ","content":"<html><head></head><body><ul><li>Software giant is focusing on margins in a souring tech market</li><li>Company has almost tripled the number of employees since 2017</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb3ac1bffa8fda43b8613c01a0347fbd\" tg-width=\"1000\" tg-height=\"661\" referrerpolicy=\"no-referrer\"/><span>The Salesforce Tower in San Francisco.Photographer: David Paul Morris/Bloomberg</span></p><p>Salesforce Inc. has cut hundreds of workers from sales teams, seeking to improve profitability while facing slowing demand for its software products in a choppy economy.</p><p>“Our sales performance process drives accountability. Unfortunately, that can lead to some leaving the business, and we support them through their transition,” a Salesforce spokesperson said Tuesday in a statement.</p><p>Salesforce, the largest private-sector employer in its hometown of San Francisco, has almost tripled its workforce in the past five years, in large part through dozens of acquisitions, and reported 78,634 employees as of July 31. After years of focusing on revenue growth, the company has pivoted and turned its attention to a new profit margin target of 25% by 2026.</p><p>Last month, activist investor Starboard Value disclosed a stake in the company, saying the top maker of customer management software was falling behind its peers due to issues with translating growth into profitability. Starboard said Salesforce’s new financial targets are a step in the right direction, but are less ambitious than those of the company’s rivals, including <a href=\"https://laohu8.com/S/NOW\">ServiceNow</a> Inc. and <a href=\"https://laohu8.com/S/WDAY\">Workday</a> Inc.</p><p>In recent weeks, tech companies including <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc. and Amazon.com Inc. have said they will pause hiring or reduce jobs in the face of slowing customer spending, higher inflation and a strong dollar that hurts overseas sales.</p><p>Protocol earlier reported the job cuts at Salesforce, saying that company is planning to fire about 2,000 people “or more,” likely before Thanksgiving. Salesforce declined to comment on any future cuts.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Salesforce Cuts Hundreds of Sales Workers on \"Accountability\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSalesforce Cuts Hundreds of Sales Workers on \"Accountability\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-09 09:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-11-08/salesforce-cuts-hundreds-of-sales-workers-on-accountability><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Software giant is focusing on margins in a souring tech marketCompany has almost tripled the number of employees since 2017The Salesforce Tower in San Francisco.Photographer: David Paul Morris/...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-08/salesforce-cuts-hundreds-of-sales-workers-on-accountability\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRM":"赛富时"},"source_url":"https://www.bloomberg.com/news/articles/2022-11-08/salesforce-cuts-hundreds-of-sales-workers-on-accountability","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2282910619","content_text":"Software giant is focusing on margins in a souring tech marketCompany has almost tripled the number of employees since 2017The Salesforce Tower in San Francisco.Photographer: David Paul Morris/BloombergSalesforce Inc. has cut hundreds of workers from sales teams, seeking to improve profitability while facing slowing demand for its software products in a choppy economy.“Our sales performance process drives accountability. Unfortunately, that can lead to some leaving the business, and we support them through their transition,” a Salesforce spokesperson said Tuesday in a statement.Salesforce, the largest private-sector employer in its hometown of San Francisco, has almost tripled its workforce in the past five years, in large part through dozens of acquisitions, and reported 78,634 employees as of July 31. After years of focusing on revenue growth, the company has pivoted and turned its attention to a new profit margin target of 25% by 2026.Last month, activist investor Starboard Value disclosed a stake in the company, saying the top maker of customer management software was falling behind its peers due to issues with translating growth into profitability. Starboard said Salesforce’s new financial targets are a step in the right direction, but are less ambitious than those of the company’s rivals, including ServiceNow Inc. and Workday Inc.In recent weeks, tech companies including Meta Platforms Inc. and Amazon.com Inc. have said they will pause hiring or reduce jobs in the face of slowing customer spending, higher inflation and a strong dollar that hurts overseas sales.Protocol earlier reported the job cuts at Salesforce, saying that company is planning to fire about 2,000 people “or more,” likely before Thanksgiving. Salesforce declined to comment on any future cuts.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1004,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":280,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":104723284,"commentId":"104723284","gmtCreate":1667961839271,"gmtModify":1667961852570,"authorId":3573703375513385,"author":{"id":3573703375513385,"idStr":"3573703375513385","authorId":3573703375513385,"name":"JonLucky","avatar":"https://static.tigerbbs.com/15afb66e92e4e4d6d1a8e9b7854e9d5e","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9987437749,"objectIdStr":"9987437749","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"the winds of painful change is blowing","text":"the winds of painful change is blowing","html":"the winds of painful change is blowing","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":104723272,"commentId":"104723272","gmtCreate":1667961800880,"gmtModify":1667961813929,"authorId":3548499403880271,"author":{"id":3548499403880271,"idStr":"3548499403880271","authorId":3548499403880271,"name":"Shan_shine","avatar":"https://static.tigerbbs.com/7306949daae7474b0e20d43d0ce0e70c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9987437749,"objectIdStr":"9987437749","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">Recession soon, signs are there</span>","text":"<span class=\"s1\">Recession soon, signs are there</span>","html":"<span class=\"s1\">Recession soon, signs are there</span>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":104723484,"commentId":"104723484","gmtCreate":1667962356525,"gmtModify":1667962370326,"authorId":4090467515927450,"author":{"id":4090467515927450,"idStr":"4090467515927450","authorId":4090467515927450,"name":"MTamil","avatar":"https://static.tigerbbs.com/2ef06cd6a8105d63c14dd970957a91e8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9987437749,"objectIdStr":"9987437749","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"👌👌👌👌","text":"👌👌👌👌","html":"👌👌👌👌","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":104723464,"commentId":"104723464","gmtCreate":1667962294691,"gmtModify":1667962308620,"authorId":4087557719105110,"author":{"id":4087557719105110,"idStr":"4087557719105110","authorId":4087557719105110,"name":"csyen","avatar":"https://community-static.tradeup.com/news/ed7eb4ecb1a7bd9e941d5aba9b858546","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9987437749,"objectIdStr":"9987437749","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":104723461,"commentId":"104723461","gmtCreate":1667962292058,"gmtModify":1667962306516,"authorId":3577454566021597,"author":{"id":3577454566021597,"idStr":"3577454566021597","authorId":3577454566021597,"name":"Daphanie","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.11.26","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9987437749,"objectIdStr":"9987437749","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<u>k</u>","text":"<u>k</u>","html":"<u>k</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":104723457,"commentId":"104723457","gmtCreate":1667962278710,"gmtModify":1667962292658,"authorId":4126699935038822,"author":{"id":4126699935038822,"idStr":"4126699935038822","authorId":4126699935038822,"name":"Rabbit07","avatar":"https://community-static.tradeup.com/news/be20f5b6248382784d7e7dd01392d506","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9987437749,"objectIdStr":"9987437749","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9987437749"}