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☆ Salesforce co-CEO Marc Benioff hints at more potential layoffs after this week's job cuts
▼ + stars: | 2023-01-06 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

The virtual meeting came a day after Salesforce announced that it was cutting 10% of jobs, amounting to over 7,000 positions. Tech companies are shrinking their workforce for the first time in years as they reckon with slowing growth, rising interest rates and a potential recession. Now Salesforce is retrenching as revenue growth is slowing and as it faces an activist investor concerned about operating leverage. During Thursday's meeting, Benioff expressed frustration about media reports that surfaced regarding his his comments. WATCH: Jim Cramer says more tech layoffs are coming after Salesforce cuts 10% of its headcount

☆ Qualcomm, Salesforce to build new connected vehicle platform for automakers
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +1 min

Jan 5 (Reuters) - U.S. chip designer Qualcomm Inc (QCOM.O) and cloud-based software firm Salesforce Inc (CRM.N) plan to develop a new connected vehicle platform for automakers, the companies said on Thursday. The platform for cars with internet access would use Qualcomm's Snapdragon digital chassis and Salesforce's cloud services to help automakers personalize user experiences using real-time data, according to the companies. The Snapdragon digital chassis, used by carmakers and their suppliers, can provide assisted and autonomous driving technology, as well as in-car infotainment and cloud connectivity. Earlier on Wednesday, Qualcomm unveiled a processor chip for cars called Snapdragon Ride Flex SoC that handles both assisted driving and cockpit functions, including entertainment. Japan's Sony Group Corp (6758.T) also said on Wednesday its newly unveiled prototype of the "Afeela" electric vehicles will use technology from Qualcomm, including its Snapdragon digital chassis.

☆ Salesforce is a cautionary tale for other tech companies
▼ + stars: | 2023-01-05 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

It's only day five of the month, but there have already been more tech layoffs than there were in all of January 2022. I'm your host Diamond Naga Siu, and I'm here to walk you through the latest tech job cuts. Salesforce CEO Marc Benioff announced yesterday that it's shuttering multiple offices and entering its second round of layoffs within months. These are issues unique to Salesforce, but other tech companies have also been fumbling for a while. And the cloud company's layoffs signal that the tech industry is going to continue downhill this year, as customers cut spending.

☆ Slack is cutting 10% of its product and engineering org 18 months after Salesforce spent $27.7 billion to acquire it
▼ + stars: | 2023-01-05 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +3 min

Salesforce has targeted Slack's product and engineering organization for layoffs, sources tell Insider. Slack is laying off 10% of its product and engineering organization, according to two people familiar with the matter. Yet some Salesforce managers, even senior managers and senior vice presidents, were blindsided yesterday as they had no forewarning when the layoffs would commence, Salesforce employees told Insider. In five Slack exchanges viewed by Insider, managers told direct reports they had learned of the layoffs from Benioff's company-wide email. Insider confirmed that roughly 1,000 Salesforce employees were notified on Wednesday of their terminations.

☆ In leaked all-hands meeting, Marc Benioff tells Salesforce staffers to expect staggered rounds of layoffs — but didn't say who will be next
▼ + stars: | 2023-01-05 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +4 min

Salesforce CEO Marc Benioff held an all-hands Thursday discussing the company's ongoing layoffs. Benioff and other executives did not say which jobs will be cut or how many rounds there will be. Salesforce CEO Marc Benioff addressed staff in an all-hands meeting on Thursday for the first time after announcing the company would be cutting 10% of the workforce. But after the nearly two-hour long meeting, which included a question-and-answer session, rattled Salesforce staffers were left with more questions than answers, three employees present at the meeting told Insider. "We just hired too many damn people in the last year and a half," Benioff told staffers.

☆ 2023 has barely started and Amazon, Salesforce, and Vimeo have already announced over 25,000 job cuts
▼ + stars: | 2023-01-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Media company Vimeo also said on Wednesday it will lay off 11% of staff. The massive job cuts — which was first reported by the Wall Street Journal on Wednesday — were far higher than Amazon's initial plans of 10,000 job cuts. Amazon employs 1.5 million workers and this round of job cuts is the largest in the company's history. Media company Vimeo also said on Wednesday it will lay off 11% of its total staff. The staff cuts will help Vimeo address economic concerns, a company spokesperson told Insider's Grace Kay.

☆ Jim Cramer: More tech layoffs are coming after Salesforce's 10% cut
▼ + stars: | 2023-01-04 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Wednesday warned investors that the tech industry will likely see more layoffs due to continuing macroeconomic headwinds. His comments come after Salesforce said Wednesday that it is slashing 10% of its staff and curtailing office space. The layoffs, part of a broader restructuring plan at Salesforce, are the company's latest headcount reductions after it let go of hundreds of employees in November. Nor am I saying that tech stocks can rally endlessly on cost cuts," he said. Disclaimer: Cramer's Charitable Trust owns shares of Salesforce and Meta Platforms.

☆ Cramer on recent tech layoffs, earnings and big tech's recent rebound
▼ + stars: | 2023-01-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer on recent tech layoffs, earnings and big tech's recent reboundCNBC's Squawk on the Street committee discuss Salesforce's decision to cut part of its workforce, other companies Cramer wants to cut their workforce and more.

☆ Jim Cramer: Investors are waiting for Silicon Valley to 'own up' and cut workforce
▼ + stars: | 2023-01-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer: Investors are waiting for Silicon Valley to 'own up' and cut workforceCNBC's Squawk on the Street committee discuss Salesforce's decision to cut part of its workforce and more.

☆ Salesforce is cutting 10% of its personnel, more than 7,000 employees
▼ + stars: | 2023-01-04 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Salesforce is cutting 10% of its personnel and reducing some office space as part of a restructuring plan, the company announced Wednesday. Days later, the company announced the departure of Slack CEO Stewart Butterfield, who joined Salesforce as part of its biggest acquisition ever. Now, like many other major tech companies, Salesforce is looking to cut costs as it contends with slowing revenue growth and a weakening economy. Amazon, Lyft, HP and DoorDash also announced significant cuts to their workforces. Salesforce said it expects its employee restructuring to be complete by the end of fiscal 2024, and its real estate restructuring to be complete by fiscal 2026.

☆ In Salesforce layoffs, MuleSoft is hardest hit as the company cuts the first 1,000 employees of its planned 10% workforce reduction
▼ + stars: | 2023-01-04 | by ( Ashley Stewart | Ellen Thomas | ) www.businessinsider.com time to read: +3 min

Salesforce plans to cut 10% of its workforce, co-CEO Marc Benioff told employees Wednesday. MuleSoft was the hardest hit by layoffs so far, which amount to around 1,000, insiders said. Salesforce has already laid off about 1,000 employees as part of a plan to slash 10% of its workforce, and the MuleSoft unit was the hardest hit so far, insiders said. A Salesforce spokesperson referred Insider to the email when asked for comment on the details of this report. Benioff has been stoking employees' fearsBeyond MuleSoft, Benioff stoked many Salesforce employees' fears in a recent all-hands when asked about the possibility of future layoffs and how the company planned to balance cost-saving with employee morale.

☆ Jim Cramer says more tech layoffs are coming after Salesforce cuts 10% of its headcount
▼ + stars: | 2023-01-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer says more tech layoffs are coming after Salesforce cuts 10% of its headcountCramer gave investors his thoughts on Salesforce's announced layoffs on Wednesday.

☆ 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.

☆ Salesforce's massive layoffs are a sign for Silicon Valley that the worst is yet to come
▼ + stars: | 2023-01-04 | by ( Matt Weinberger | Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Cloud companies took a hit in 2022 and saw massive cuts in public and private valuations. Analysts say that Salesforce, Microsoft, and other business-oriented tech companies are staring down the barrel of customers cutting their IT budgets. The rush to remote working at the beginning of the pandemic meant companies purchased tons of new cloud software tools. For software vendors, any company that's offering a single tool versus a platform is likely to see cuts, RBC said. RBC analysts are expecting more layoffs ahead.

☆ Jim Cramer predicts these 10 Dow stocks will perform well in 2023
▼ + stars: | 2023-01-03 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Tuesday offered investors a collection of stocks that he believes will perform well this year. Procter & GambleThe company is the best of the bunch when it comes to recession-proof stocks, according to Cramer. Johnson & JohnsonThe company has one of the best and fastest-growing pharma businesses, according to Cramer. Goldman SachsCramer predicted that the company will likely perform better this year than last year, even though IPOs, mergers and acquisitions are unlikely to make a comeback in 2023 as the economic environment remains turbulent. Disclaimer: Cramer's Charitable Trust owns shares of Honeywell, Procter & Gamble, Johnson & Johnson, Disney, Cisco and Salesforce.

☆ Only 3 countries have managed to build 5th-generation fighters, but nearly a dozen are already working on 6th-gen jets
▼ + stars: | 2023-01-03 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +12 min

(The recently unveiled B-21 bomber is billed as the world's first sixth-gen aircraft, but little is known about its capabilities.) Lockheed Martin, Northrup Grumman, and Boeing are believed to be competing to build the jets, and all have released illustrations of sixth-gen aircraft. FCAS/SCAFA full-scale model of the Future Combat Air System at the Paris Air Show in June 2019. An illustration of Japan's next-generation fighter aircraft concept. While China is making heavy investment in military aviation, Russia's ability to develop next-generation jets may be shrinking.

☆ Prolonged fighting in Ukraine is revealing the Russian air force's fragility, researchers say
▼ + stars: | 2023-01-01 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

Other decisions by Russian commanders are setting the air force up for future problems. Another sign of poor discipline is the habit of stacking munitions next to aircraft parked at Russian air bases. RUSI believes they have "corresponded with a significant reduction in the scale and complexity of VKS air operations over Ukraine since the beginning of the conflict." Mihail Siergiejevicz/SOPA Images/LightRocket via Getty ImagesStill more ominous are the implications for future Russian air operations over Ukraine. Russia needs to maintain a flow of properly trained pilots, as well as competent and disciplined ground crews.

☆ 33 years ago, the US Army's elite Delta Force pulled off its first successful hostage rescue mission
▼ + stars: | 2022-12-31 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Early on December 20, 1989, Delta Force operators descended on a Panamanian prison holding a CIA operative. But it was also the first time that Delta Force successfully completed a large-scale hostage rescue. In the months prior to the mission, the Delta operators practiced the mission multiple times. Once inside the cell, the Delta operators gave Muse a helmet, body armor, and goggles for protection before heading back to the MH-6s. A few minutes later, armored personnel carriers, carrying Delta operators and medics from the main invasion force, rescued them.

☆ I cheated on an exam to boost my career in the tech industry. But now I think using 'exam dumps' is dangerous.
▼ + stars: | 2022-12-29 | by ( Rob Price | ) www.businessinsider.com time to read: +5 min

Early in their career, an anonymous tech worker used "exam dumps" to pass technical certifications. I didn't want to risk failing and having to pay for it all over again — so I cheated with "exam dumps." "Exam dumps" are basically answer keysThese are cheat-sheets with the answers to the exam questions and they're shared or sold online by others in the industry. I've used them, but I realize now that they're harmfulDespite, benefitting from exam dumps, I don't use them any more. I wouldn't want to use exam dumps again, in part because using dumps made me feel less confident about myself, and made earning the certification feel like less of an achievement.

☆ 'Coup-mongering' Bolsonarista's battle cry reveals a radicalized Brazil
▼ + stars: | 2022-12-28 | by ( Gabriel Stargardter | ) www.reuters.com time to read: +9 min

Lots of people realized this wasn't a safe place," said Lucas Mello, a 22-year-old TikToker who has lived in the camp since Dec. 5. Three days after the riots, Moraes released Baldin, sent him home with an ankle bracelet, and barred him from talking to the media. "The heavily violent (protests) ... occurred in exactly the same context that motivated the temporary arrest of Milton Baldin," Moraes wrote in his sealed ruling. Bolsonaristas deride Moraes as an unelected despot who has censored free speech and trampled on the president's executive power. On Dec. 9, Bolsonaro broke weeks of post-election silence with an ambiguous message many viewed as encouragement to his protesting supporters.

☆ 9 tech companies that have ditched San Francisco offices in 2022 are a warning sign for cities to rethink their reliance on big firms
▼ + stars: | 2022-12-28 | by ( Robert Davis | ) www.businessinsider.com time to read: +6 min

San Francisco should be a cautionary tale for cities that rely on tech firms to fill office space. At least nine companies have exited office space in the city, . Salesforce CEO Marc Benioff told Bloomberg that San Francisco needed "more diversity" in its economic and tax base, as well as more residential homes and cultural attractions downtown. Meta is planning to leave some of its office space in San Francisco. PayPal left its office in San Francisco this summer.

☆ The US military is planning for a 'transformative' year in Asia as tensions with China continue to rise
▼ + stars: | 2022-12-27 | by ( Christopher Woody | ) www.businessinsider.com time to read: +8 min

Amid rising tensions with China, the US military has sought to bolster its presence in Asia. US forces there may see the "most transformative year" in a generation in 2023, a US official said. Major changes to the US military presence in Asia face logistical and political hurdles, however. Other countries have sought more training with the US military or, in the case of Palau, to host US forces. There are opportunities for the US "to expand its access and deepen relationships" in both Northeast and Southeast Asia, said Thompson, a former US Defense Department official, but US leaders will have to reckon with the limits of those partnerships, especially in Southeast Asia.

☆ Russia's long-range air force to get new hypersonic missiles - Interfax
▼ + stars: | 2022-12-26 | by ( ) www.reuters.com time to read: 1 min

MOSCOW, Dec 26 (Reuters) - Russia's long-range air forces are to be refitted with new wing-borne hypersonic missiles, the Interfax news agency reported on Monday, citing the force's commanding officer. "In the interests of long-range aviation, the development and supply of the entire range of aviation weapons, including new cruise hypersonic missiles, is being carried out," Interfax cited the commander, Sergei Kobylash, as saying in an interview with the Russian defence ministry's newspaper. Russia's fleet of long-range bombers are part of its nuclear triad, and are capable of launching both nuclear and conventional missiles. Reporting by Reuters; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Take a page from the super-wealthy and successful by reading the books they wrote. Insider compiled a list of 30 books to help you learn how billionaires found success. The list includes "Shoe Dog" by Nike's Phil Knight and "Onward" by ex-Starbucks CEO Howard Schultz. Whether they want to launch an empire or become the best in their field, there's no better resource than books by people they aspire to be. Whether you or someone you know has set a goal to become a billionaire in the next year, these 30 books can provide some insight and lessons to what it's like to be at the top.

☆ Santa Claus undaunted by arctic blast, U.S. military says
▼ + stars: | 2022-12-24 | by ( Keith Coffman | ) www.reuters.com time to read: +2 min

[1/2] The Royal Canadian Air Force's 22 Wing holds it’s annual NORAD Tracks Santa promotion at Canadian Forces Base (CFB) North Bay in North Bay, Ontario, Canada December 9, 2021. Corporal Rob Ouellette/Canadian Forces/Handout via REUTERSDENVER, Dec 24 (Reuters) - U.S. military officials have assured anxious children the arctic blast and snowstorm that wreaked havoc on U.S. airline traffic this week will not prevent Santa Claus from making his annual Christmas Eve flight. The Santa tracker tradition originated from a 1955 misprint in a Colorado Springs newspaper of the telephone number of a department store for children to call and speak with Santa. U.S. and Canadian fighter jet pilots provide a courtesy escort for him over North America, and Santa slows down to wave to them, he added. Reporting by Keith Coffman in Denver; Editing by Steve Gorman and Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.

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