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☆ Salesforce communications chief Brad Burns departs for Snowflake
▼ + stars: | 2024-01-24 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +2 min

Brad Burns, the now former chief communications officer at Salesforce, has joined Snowflake in the same role, the data-cloud company said Wednesday in a press release. At Snowflake, Burns will spearhead communications strategy and advise company leadership. Snowflake's revenue growth and that of the rest of the cloud industry slowed earlier this year as customers tightened cloud budgets after a pandemic-fueled spending spree in 2020 and 2021. Related storiesFrank Slootman, Snowflake's chair and CEO, was previously rumored to be leaving the company, Business Insider reported. Burns joined Salesforce as chief communications officer in 2018.

Persons: Brad Burns, Burns, He's, Frank Slootman, Slootman, Bob Muglia, Bret Taylor's, Salesforce, Ellen Thomas Organizations: Business Locations: Snowflake, ethomas@insider.com

☆ Salesforce's cost-cutting plan is a much-needed move for an economic downturn
▼ + stars: | 2023-01-04 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

Salesforce (CRM) laid out a cost-cutting plan on Wednesday that is a step in the right direction for the banged-up Club holding. I know that Starboard would've liked double that [number of layoffs] because that's how bloated they think that Salesforce became." Salesforce is the latest tech company to slash headcount as business slows down from Covid-fueled growth and recession fears mount. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Marc Benioff tells Salesforce workers that new employees are 'facing lower productivity'
▼ + stars: | 2022-12-16 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Salesforce co-CEO Marc Benioff told employees in a Slack message on Friday that the company's newest hires aren't being productive enough, and he asked for feedback as to why that's the case. Last year, Salesforce acquired communications app Slack, and Benioff said people can work very effectively from their homes. On Friday he highlighted an issue that he said was affecting employees who joined Salesforce this year and last. Here's the full text of Benioff's Slack post:How do we increase the productivity of our employees at salesforce? New employees (hired during the pandemic in 2021 & 2022) are especially facing much lower productivity.

On the agenda today:But first: Ashley Stewart, a chief tech correspondent, is giving us a behind-the-scenes look at Salesforce's succession crisis. Salesforce's Marc Benioff. Jemal Countess / StringerOver the past week or so, at least six top executives from Salesforce and its subsidiaries announced plans to leave, Ashley Stewart, chief tech correspondent, writes. Company insiders attribute these departures to co-CEO Marc Benioff exerting increasing control over the company, adding that he's driven away his closest lieutenants while dialing up performance pressure on employees. The departures have created a crisis in leadership at Salesforce.

☆ Jim Cramer's Investing Club meeting Friday: Inflation data, Salesforce, Microsoft trouble
▼ + stars: | 2022-12-09 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "I think things have kind of bottomed, and the publicity and the long knives are overdone to me at this point," Jim Cramer said Friday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Elon Musk is bringing in new faces for Twitter 2.0 — including his cousins and Bari Weiss
▼ + stars: | 2022-12-08 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

The makeup of Elon Musk's Twitter is changing, and not just because the offices are now bedrooms. With the majority of the company's former staff having been laid off — or fired, or resigned — Musk has brought in some of his own picks to work at Twitter 2.0. There's more on the new faces at Musk's social media company below, so let's get to it. Elon Musk is bringing in new faces for Twitter 2.0. And these aren't the only new faces at Twitter — hundreds of people have applied for a chance to work at Musk's new company.

☆ 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.

☆ Following Bret Taylor's departure, more top executives are leaving Salesforce
▼ + stars: | 2022-12-06 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Quick question: Have you gone "goblin mode" yet this year? I've got more on goblin mode below, but first, let's talk about Salesforce, which is seeing more executive departures this week. The news of Butterfield's departure comes just days after Salesforce announced co-CEO Bret Taylor is also leaving the company — though Butterfield told staff the moves were unrelated. Oxford Languages, the publisher of Oxford English Dictionary, named "goblin mode" the 2022 Word of the Year — beating out semifinalist "metaverse." A look at what "goblin mode" means.

☆ Salesforce is losing the key execs behind some of its biggest and most expensive bets at a critical moment
▼ + stars: | 2022-12-06 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Slack CEO Stewart Butterfield is also departing, along with some other product-focused execs. The departing execs championed Salesforce's product strategyThe departures of Taylor, Butterfield, and Nelson come as Salesforce's strategy comes under the microscope on Wall Street. With Slack and Tableau, Salesforce already had a lot to prove. Salesforce has already said that Lidiane Jones, an executive VP, will take over for Butterfield as Slack CEO. What it does mean, however, is that Salesforce, Slack, and Tableau are all losing the biggest champions of the integrated product strategy right as the company faces hard questions.

☆ Slack CEO Stewart Butterfield is leaving Salesforce two years after deal was announced
▼ + stars: | 2022-12-05 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Salesforce said on Monday that Slack founder and CEO Stewart Butterfield is leaving the company. "Stewart is an incredible leader who created an amazing, beloved company in Slack," a company spokesperson told CNBC in a statement. "He has helped lead the successful integration of Slack into Salesforce and today Slack is woven into the Salesforce Customer 360 platform. Noah Weiss, senior vice president of product at Slack, will replace Yehoshua, Butterfield said in a Slack message to all Salesforce employees that CNBC viewed. Months later, Taylor told Butterfield that while Salesforce wasn't interested in selling Quip to Slack, Salesforce was interested in buying Slack.

☆ Slack CEO Butterfield to depart next month
▼ + stars: | 2022-12-05 | by ( ) www.reuters.com time to read: +1 min

Dec 5 (Reuters) - Slack Chief Executive Officer Stewart Butterfield plans to leave the workplace messaging platform in January, parent company Salesforce Inc (CRM.N) 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. Salesforce had acquired Slack last year in a nearly $28 billion deal following a massive bet that Slack's workplace app will become popular for collaborations within and between companies. Last week, Salesforce stock tumbled after co-CEO Bret Taylor's sudden exit caught Wall Street off guard and raised concerns about the merit in having two leaders. read moreReporting by Eva Mathews in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ Big Tech workers who've been laid off finally get a vacation
▼ + stars: | 2022-12-02 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +4 min

For some laid-off tech workers, that thought isn't confined to just daydreams — some employees told us that since they've been laid off, they've taken the opportunity to finally go on vacation. In Big Tech, getting laid off can mean taking a fancy vacation. While the typical US worker receives little to no severance pay when they get laid off, firms like Facebook, Snap, and Twitter have been relatively generous. Some laid-off tech workers have racked up few years of sky-high pay, frequent bonuses, generous stock awards, and now, decent severance — so some are thinking, "why not travel?" See where other "freed" tech workers are headed.

☆ 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.

☆ Leaked message from Slack CEO Stewart Butterfield describes shock over Bret Taylor's sudden departure from Salesforce
▼ + stars: | 2022-12-01 | by ( Ellen Thomas | Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Salesforce co-CEO and heir apparent Bret Taylor is leaving the company. The news came as a shock to many within the company, including Slack CEO Stewart Butterfield. Read Stewart Butterfield's internal Slack message about Taylor's exit. Salesforce co-CEO Bret Taylor is leaving the company a mere year after he took the top role alongside cofounder Marc Benioff. But Slack is still Slack and we still have the same customers and technology and revenue and, more than anything, people (you!).

☆ Salesforce employees say they're blindsided by Bret Taylor's departure as Marc Benioff swears he'll get him back: 'don't think you're gonna somehow get out of this alive because you're not'
▼ + stars: | 2022-12-01 | by ( Matthew Lynley | Ashley Stewart | ) www.businessinsider.com time to read: +6 min

Salesforce co-CEO and heir apparent Bret Taylor announced he is leaving the company. Benioff wasn't alone: many at the company were blindsided by the departure with no notice given, employees and others close to the company told Insider. At Salesforce, Taylor oversaw the $27.7 billion acquisition of Slack as COO and the launch of its real-time customer analytics tool, Genie, as co-CEO. "Just when Benioff thought he had his succession plan all figured out Taylor steps down," a recent former employee told Insider. Multiple people close to the company told Insider that Salesforce's "bench" was thin, though Benioff heavily complimented Taylor's team when asked about a potential replacement on the earnings call.

☆ Salesforce employees say they were blindsided by Bret Taylor's departure
▼ + stars: | 2022-12-01 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Today's not a typical day for the staff at Salesforce, some of whom told us they were blindsided by co-CEO Bret Taylor's decision to step down. Below, we've got details on what Salesforce employees — including now-solo CEO Marc Benioff — are saying about Taylor's announcement. Salesforce employees were blindsided by Bret Taylor's departure. The sudden announcement left many at the company feeling blindsided, employees and others close to the company told Insider. Here's what workers told us about Taylor's departure.

☆ Salesforce loses another top executive a day after Bret Taylor's departure as Tableau CEO quietly exits. Here are the top execs who left the company recently.
▼ + stars: | 2022-12-01 | by ( Ashley Stewart | Matt Lynley | ) www.businessinsider.com time to read: +2 min

Tableau CEO Mark Nelson is leaving the Salesforce-owned software company. The news came the day after Salesforce announced co-CEO Bret Taylor's resignation. Here's a list of top Salesforce execs who left the company recently. "Today marks my last day Tableau after an amazing 4 ½ years," Nelson wrote on Twitter. Here are some of the top executives who left Salesforce in the past year:Are you a Salesforce employee or do you have insight to share?

☆ Marc Benioff's 2023 to-do list after his co-CEO's shocking departure
▼ + stars: | 2022-12-01 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Salesforce is seeing it's co-CEO Bret Taylor depart and facing slowing revenue growth. While earnings beat analyst expectations, it also revealed the slowest revenue growth in the past two years, at 14%. Figure out the future of SlackTaylor's departure also raises questions about Slack, since Taylor spearheaded the $27.7 billion acquisition in 2020. Figure out how to jump-start revenue and land big customersWhile it wasn't a huge shock given the overall economic environment, Salesforce's slowed revenue growth is worrying. Secondly, as part of its larger platform strategy, Salesforce has been going after larger customers and looking to land deals for multiple Salesforce products versus just one or two.

☆ Salesforce shares tumble after surprise exit of co-CEO Taylor
▼ + stars: | 2022-12-01 | by ( ) www.reuters.com time to read: +2 min

[1/2] Bret Taylor, Co-CEO of Salesforce, speaks at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. Jefferies analysts said the surprise exit indicated that the "co-CEO model is not working with two departures in three years." Benioff tapped Taylor as co-CEO in 2021, to replace Oracle (ORCL.N) executive Keith Block who stepped down from the role just before the pandemic began. He was previously chief operating officer and chief product officer of the company. "We view this leadership change as a significant blow given his leadership role on product," Needham analysts said in a note.

☆ Here's Bret Taylor's first big technical move at Salesforce since becoming co-CEO last year
▼ + stars: | 2022-09-20 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Ten months after his promotion to co-CEO of Salesforce, serving alongside famed founder Marc Benioff, Bret Taylor is gearing up to take the stage at the annual Dreamforce conference for the first time under his new title. It's called Genie, and it's designed to update Salesforce's dominant sales database software with modern technology that gives salespeople real-time information at their fingertips. Taylor and Benioff will deliver their keynote on Tuesday, starting at 10 a.m. Pacific Time in San Francisco. The 23-year-old company's original data storage software functions with a transactional database from Oracle, where Benioff spent 13 years before starting Salesforce. Taylor said that, over time, Genie will be integrated into Salesforce's other key products — its clouds for sales, service and commerce.

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