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☆ Leaked document shows Salesforce employees who routinely log over 10 hours of overtime pay will get a talking-to from senior management
▼ + stars: | 2023-04-12 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +3 min

Salesforce is scrutinizing overtime, especially for workers who log more than 10 overtime hours a week. Overtime policies were laid out earlier this month in an internal document viewed by Insider. Salesforce is taking a stricter approach to overtime pay, according to an internal document viewed by Insider. It isn't clear how many Salesforce employees qualify for overtime pay, but most large tech companies do have a percentage of their workforce that qualifies. The document reminding employees that overtime pay must be approved and limited comes during a time when the software giant is executing major cost-cutting initiatives.

☆ Salesforce: A New Dawn. CEO Marc Benioff is pivoting the cloud company from family to profitability.
▼ + stars: | 2023-03-02 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

I'm Diamond Naga Siu, and I'm not just talking about the Selena/Hailey 'mean girls' saga — I'm fascinated by the Salesforce spectacle. CEO Marc Benioff recently oversaw the departure of two leading candidates to inherit the Salesforce throne. Now, under their careful watch, Benioff needs to guide the company through a cost-cutting period — something he's never done before. This is quite the turn, considering he was still emphasizing Ohana after laying off 10% of the company in January. CEO Marc Benioff announced on Wednesday that the company is starting a "new day."

☆ Salesforce's Marc Benioff says he's following 'the Oracle playbook' to improve profits — and Larry Ellison is helping him
▼ + stars: | 2023-03-02 | by ( Paayal Zaveri | Ellen Thomas | ) www.businessinsider.com time to read: +5 min

Marc Benioff said he was adopting Oracle's playbook and being mentored by Larry Ellison as he focuses on profitability. But on Wednesday, Salesforce CEO Marc Benioff admitted that he was adopting Oracle's playbook and being tutored on it by Oracle's founder and chairman Larry Ellison. Benioff started his career at Oracle at age 23, and Ellison made him into a star executive by age 26. The drama started when Oracle started working on a product that competed with Salesforce, eventually leading Benioff to kick Ellison off his board. And now Benioff is publicly thanking Ellison and his Oracle playbook as Salesforce fends off no fewer than five activist investors, all pressuring the company to improve profitability.

☆ Salesforce CEO Marc Benioff says that this is a 'New Day' for Salesforce, focusing on profitability above its famous 'Ohana' mantra
▼ + stars: | 2023-03-01 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +4 min

As Salesforce faces activist investor pressure, profitability is now CEO Marc Benioff's key focus. Benioff is now touting a strategy called "New Day," focused solely on profitability and efficiency. Instead, those execs hammered on that "New Day" strategy, which emphasizes profitability and efficiency over all else. The company's recent layoffs, as well as Benioff's comments that employees haven't been as productive since the start of the pandemic, have weighed on employee morale. Former co-CEO Bret Taylor and other top execs like Slack CEO Stewart Butterfield have also departed Salesforce in recent months.

☆ There are growing expectations that Salesforce is readying a succession plan to appease activist investors. 'There's not a lot of people sitting on the bench,' one analyst said.
▼ + stars: | 2023-03-01 | by ( Ellen Thomas | Ashley Stewart | ) www.businessinsider.com time to read: +8 min

Analyst said any succession plan would be about giving investors "comfort" about the future. Company insiders, former employees and Wall Street analysts increasingly expect Salesforce to put a succession plan in place soon. 'If he's willing to work with the activists, then he can stay CEO'Analysts think that if a succession plan is announced soon, it won't include Benioff's immediate exit. "Benioff is Salesforce and Salesforce is Benioff," said Dan Ives, an analyst at Wedbush Securities. Bret Taylor, former Salesforce executive SalesforceTaylor's departure in late November left Salesforce with a limited bench of potential successors.

☆ Salesforce's Marc Benioff has revised a plan to stack rank a bottom 5% and ordered employees back to the office, according to leaked messages
▼ + stars: | 2023-02-21 | by ( Ellen Thomas | Ashley Stewart | ) www.businessinsider.com time to read: +6 min

Salesforce CEO Marc Benioff has made revisions to the company's annual strategic plan, including return-to-office mandates and policies that would have implemented stack ranking, according to an internal Slack message viewed by Insider. "He's still pushing performance culture," a Salesforce employee who read the revised draft told Insider. It currently requires three days a week in the office for non-remote employees and four days a week for employees in "non-remote" and "customer-facing" roles. Revenue for fiscal 2022 grew 25%, to $26.5 billion, according to the company's annual report. Or, as an employee previously posted in a Slack channel, "Can execs commit to never referring to Salesforce employees as 'family' again?

☆ Layoffs at Google, Microsoft, Salesforce Teaching Tech Employees a Harsh Lesson
▼ + stars: | 2023-01-29 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +14 min

Tech workers are using all sorts of emotional phrases to describe the layoff wave that has gripped the industry and become the talk of the business world. "I'm shocked and hurt and still processing," Katie Olaskiewicz, a former human-truths strategist at Google, wrote on LinkedIn last week shortly after 12,000 Google employees were let go. Over the past two weeks, a total of 40,000 employees have been laid off from Amazon, Microsoft, and Google, a nightmare come true for tech workers. The tech layoffs have been starkly different from Wall Street, which has in recent months instituted its own rounds of job cuts. Wall Street realitiesIn many ways, tech workers are waking up to a reality that their peers in other high-flying industries have always known.

☆ I spent a night on a superyacht and now I know why the super-rich love them so much
▼ + stars: | 2023-01-28 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +4 min

I spent a night on a superyacht in Croatia that can accommodate up to 30 people. The super-rich love superyachts and the yachting industry is booming – I now know why. Miha Menegalija of charter broker Goolets says owning a superyacht is one way to showcase your wealth. GooletsBefore boarding the Ohana, I had never been on a boat, let alone on a superyacht. It may not come as a great surprise, but I certainly could get used to spending plenty of time on a superyacht.

☆ Hawaii man imprisoned for 1991 murder and rape of tourist released after judge hears new evidence of innocence
▼ + stars: | 2023-01-25 | by ( The Associated Press | ) www.nbcnews.com time to read: +7 min

A court officer removes Albert Schweitzer's handcuffs at a hearing in Hilo, Hawaii, on Jan. 24, 2023. “Nerves, anxiety, scared.”The justice system is “flawed,” he said, calling himself one of many imprisoned for crimes they didn’t commit. Some intentional and some unintentional.”Ireland’s relatives couldn’t immediately be reached for comment on the petition and Schweitzer’s release. In 2019, Schweitzer’s attorneys and Hawaii County prosecutors entered into a “conviction integrity agreement” to reinvestigate the case. Despite the lack of evidence linking them to the killing, the two Schweitzers and Pauline were indicted in 1997.

☆ Silicon Valley layoffs go from bad to worse
▼ + stars: | 2023-01-09 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +6 min

At Amazon and other tech companies, the second half of last year was marked by hiring freezes, layoffs and other cost-cutting measures at a number of household names in Silicon Valley. Rising interest rates also dried up the easy money tech companies relied on to fuel big bets on future innovations, and cut into their sky-high valuations. While there have been some layoffs recently in the consumer goods sector and hints of more to come elsewhere, the situation in Silicon Valley remains in stark contrast to the economy as a whole. And despite the robust overall labor market, there are growing concerns that tech layoffs could spread elsewhere. In that sense, at least, Silicon Valley may once again be ahead of the curve, but not in the way it wants.

☆ Inside Salesforce's week from hell: Angry employees describe chaos, confusion and 'tone deaf' leaders as they fight for their jobs
▼ + stars: | 2023-01-07 | by ( Ashley Stewart | Ellen Thomas | ) www.businessinsider.com time to read: +9 min

"We can't sleep at night," one employee told Insider. Senior vice presidents who were not themselves impacted were invited to a mandatory meeting, Salesforce said. "Can execs commit to never referring to Salesforce employees as 'family' again? "Ohana is far gone," one employee told Insider. Are you a Salesforce employee or do you have insight to share?

Salesforce CEO Marc Benioff compared losing employees to layoffs to mourning people who've died. Benioff was talking to employees in an all-hands meeting and avoided their questions about layoffs. The company plans to cut 10% of its workforce "mostly over the coming weeks," Benioff told employees. In an email to employees, Benioff said layoffs will happen "mostly over the coming weeks." Amid the planned layoffs, other Salesforce executives have announced plans to leave the company, including Benioff's co-CEO Bret Taylor.

☆ Salesforce CEO Marc Benioff dodged questions in a rambling 2-hour all-hands. Leaked messages show employees weren't pleased, and one executive even apologized for it later.
▼ + stars: | 2023-01-05 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +4 min

Salesforce plans to cut 10% of its workforce, CEO Marc Benioff told employees Wednesday. Salesforce CEO Marc Benioff dodged questions about the company's plans to cut 10% of its workforce during a rambling two-hour all-hands on Thursday, and — judging from internal Slack messages viewed by Insider — employees weren't pleased their questions went unanswered. During Thursday's all-hands meeting, Benioff described the company's current situation as a "spiritual moment," and compared layoffs to death. Sources said Benioff has been exerting increasing control over the company, alienating his closest lieutenants while dialing up performance pressure on employees, Insider previously reported. Are you a Salesforce employee or do you have insight to share?

☆ Read the email Marc Benioff sent Salesforce employees announcing that about 10% of staff will be laid off
▼ + stars: | 2023-01-04 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Read the email to Salesforce staff here. Co-CEO Marc Benioff announced the layoffs in an email to staff Wednesday morning. Affected staff in the US would get close to five months of pay, health insurance, and career resources, he said. Within the next hour, employees who are initially affected by this decision will receive an email letting them know. In the U.S., affected employees will receive a minimum of nearly five months of pay, health insurance, career resources, and other benefits to help with their transition.

☆ This champion adaptive surfer knows the power of resilience
▼ + stars: | 2022-12-15 | by ( Martha Shade | ) edition.cnn.com time to read: +3 min

Kapolei, Hawaii CNN —Meira Va’a Nelson is a champion surfer who has known more trauma in her life than most people will ever experience. On the day of her mother’s funeral, her father, unable to deal with his own grief, left the family. Once again, the odds were against Meira, who was told her daughter was unlikely to live beyond age 3. Riding the waves, she said she feels her whole family is with her, even when they are not physically there. She wants to represent them and prove what’s possible and show that resilience can always lead to new joy.

☆ Salesforce asked some managers to rank their lowest 10% of employees, insider says, as Benioff tells employees to expect 'changes' in a leaked all-hands meeting
▼ + stars: | 2022-12-12 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Some managers were asked to rank their bottom 10% of employees, one person familiar told Insider. Some Salesforce managers were asked as recently as last week to rank employees to identify their bottom 10%, one person familiar with the instructions told Insider. Salesforce declined to comment on additional layoffs, cost cutting and directives to managers to rank employees. Benioff tried to downplay the question, saying in the all-hands that questions about personnel changes come up on every meeting with employees. Employees recently told Insider about what they see as a shift in how the company treats them.

☆ Salesforce employees are bracing for more layoffs amid the company's major executive exodus
▼ + stars: | 2022-12-08 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +2 min

Salesforce employees told Insider they're bracing for another round of layoffs. "People are afraid it could come at any point," one employee told Insider. "People are afraid it could come at any point," one employee told Insider. A person familiar with the matter told Insider the firm has pushed for cost-cutting measures since first approaching the company this summer. Are you a Salesforce employee or do you have insight to share?

☆ Salesforce has a succession crisis. Cofounder Marc Benioff is taking increasing control over the company — alienating his top lieutenants and dialing up pressure on employees.
▼ + stars: | 2022-12-07 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +9 min

Salesforce insiders attribute these departures to Marc Benioff's response to recent economic headwinds. Last week, Salesforce revealed heir apparent Bret Taylor's plans to leave the company — exactly one year after taking over as co-CEO alongside Benioff. Lately, employees said, Benioff has turned those meetings into a tribunal for his sales executives. While the pandemic was a boon for the company, Salesforce has since trimmed its annual revenue projections to roughly $30 billion down from the roughly $31 billion in May. Salesforce's co-CEO model has failedAs Benioff puts pressure on sales executives, people close to him said he's exerting increasing control over C-Suite executives.

☆ Israeli journalists experience chilly reception at Qatar World Cup
▼ + stars: | 2022-12-02 | by ( Hadas Gold | ) edition.cnn.com time to read: +13 min

Former Israeli football star, and now a commentator Eil Ohana posted a video showing a Qatari police officer driving him in a golf cart. Videos have gone viral in Israel and the Arab world showing football fans yelling at Israeli reporters, refusing to speak to them because of where they are from. Canadian pop star Justin Bieber launched clean water company Generosity at Qatar’s World Cup, to provide premium alkaline water in refillable fountains across the globe. The pitch invader who waved a rainbow flag on the field during Portugal’s World Cup match with Uruguay on Monday said FIFA president Gianni Infantino came to the Qatari police station to free him in order to “avoid more controversy.”Thursday’s Group E FIFA World Cup match between Costa Rica and Germany saw an all-women refereeing team for the first time in men’s World Cup history. Stephanie Frappart, from France, led the refereeing team, making her the first woman to referee a men’s World Cup match.

☆ Read Marc Benioff's internal memo explaining Bret Taylor's departure from Salesforce
▼ + stars: | 2022-12-01 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Salesforce co-CEO and heir apparent Bret Taylor is leaving the company. Salesforce heir apparent Bret Taylor is leaving the company, chairman and cofounder Marc Benioff announced on Wednesday, exactly one year after Taylor took the reigns as co-CEO alongside Benioff. With that as our backdrop, I also want to share that Bret Taylor is stepping down as co-CEO, effective January 31, 2023. As the founder of two very successful companies, Bret is leaving Salesforce to return to his entrepreneurial roots. I'm grateful that he'll stay with us until the end of FY23 and help us finish the year strong.

☆ Crew on a 160-foot superyacht sleep in tiny hidden cabins and only get paid about $1,400 a month – but the tips can be big
▼ + stars: | 2022-11-27 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

It's important to get on well with your colleagues, the superyacht crew told Insider. For the crew, however, it's a rather different story: they must spend months working very long days before going to sleep in tiny cabins tucked away on the vessel. The crew cabins are hidden away at the rear of the main deck. Rijeka told Insider she's trying to save as possible to achieve her dream of opening a bar in Hawaii. GooletsThe captain's right-hand man Zoran Vidović, 39, told Insider that working on a superyacht can be very enjoyable but is often quite demanding.

☆ I spent a night on a superyacht and now I know why the superrich love them so much
▼ + stars: | 2022-11-13 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +4 min

I spent a night on a superyacht in Croatia that can accommodate up to 30 people. The superrich love them and the yachting industry is booming and I now know why. Miha Menegalija of charter broker Goolets says owning a superyacht is one way to showcase your wealth. GooletsBefore boarding the Ohana, I had never been on a boat, let alone on a superyacht. It may not come as a great surprise, but I certainly could get used to spending plenty of time on a superyacht.

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