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In today's big story, a tough sales report for Tesla can't slow the EV maker's turnaround . After a dreadful start to the year, the EV maker has been running on all cylinders on a full charge. Tesla's polarizing CEO also notched a massive victory when investors approved Elon Musk's $55 billion pay plan . But what is new at Tesla, and what sparked the company's recent market rally, are big promises from its CEO. As automakers reconsider their EV strategy , Tesla has figured out how to build cars cheaper than anyone else .
Persons: , I'm, Tesla, Jordan Strauss, Chelsea Jia Feng, Insider's Nora Naughton, BI's Filip De Mott, hasn't, Karol Serewis, Musk's, Nora, it's, he's, Musk, Apu Gomes, Steve Cohen's Point72, Ken Griffin's, Mark O'Hare, Larry Fink, execs, Marc Benioff, trouncing, It's, Jenny Chang, Rodriguez, they've, Morgan Stanley, Beryl, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Amanda Yen Organizations: Service, Business, Chelsea, Wall, Elon Musk's, Getty Images, Getty, Ken Griffin's Citadel, BlackRock, EU, Google, YouTube Locations: Wick, Jamaica, New York, London
Companies like Meta, the parent of Facebook, and Salesforce are bringing back some of the workers they let go . In some cases where the layoffs were conducted reasonably well, a return might be something former workers would consider. Whether to return is a question some former Salesforce workers are likely asking. She said workers considering returning to a former employer might ask themselves questions such as: Why was I laid off? Now it's tech workers' turn.
Persons: Sandra Sucher, Harvard Business School who's, Sucher, they'd, Salesforce, Marc Benioff, , Salesforce execs, What's, who'd, lockdowns, it's, ChatGPT Organizations: Big Tech, Service, Companies, Meta, Facebook, Harvard Business School, Bloomberg, Workers, LinkedIn Locations: Wall, Silicon
Marc Benioff, chief executive officer of Salesforce.com Inc., right, greets attendees after a keynote at the company's Dreamforce conference in San Francisco on Sept. 12, 2023. Ariel Kelman had been away from Salesforce for over a decade, when he received a direct message on Twitter from CEO Marc Benioff earlier this year. "I just thought it was good timing," Kelman said in an interview at Salesforce's Dreamforce conference in San Francisco last week. Kelman spent the few months prior running marketing at a startup called Fireblocks before rejoining Salesforce in June as chief marketing officer. Kelman and Milano are among at least eight ex-Salesforce execs who have rejoined the gang in 2023, as the company approaches its 25th birthday.
Persons: Marc Benioff, Benioff, Ariel Kelman, who'd, Kelman, Miguel Milano, Milano, Brian Millham, Millham, Dreamforce . Kelman, Salesforce, Bret Taylor, it's Organizations: Salesforce.com Inc, Amazon Web Services, Oracle, Salesforce's, Salesforce, CNBC Locations: San Francisco, Salesforce, Madrid
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.
"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 chief people officer Brent Hyder addressed layoff rumors in a town hall meeting. Benioff did not join Tuesday's town hall, according to two Salesforce employees. In a Slack screenshot viewed by Insider, one Salesforce employee bemoaned a lack of transparency from management on the subject of impending layoffs. Salesforce also announced in the town hall meeting that it's cancelling holiday parties this year. Are you a Salesforce employee or do you have insight to share?
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?
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