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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The software company’s latest results have given it a reprieve. But it still needs to crank up its product offerings and ease up on acquisitions.
Editor's note: Salesforce has been having a rough ride for a while. It has witnessed a slew of executive departures in recent months, including co-CEO Bret Taylor, arguably one of the most prolific innovators and executives of the tech industry. Taylor was the architect of Salesforce’s acquisition of Slack—the company’s biggest acquisition ever. Then there’s been significant internal drama with activist investor groups that have been pushing for Salesforce to increase growth and margins, and flagging concerns about its recent acquisitions. To make matters worse, in January, the company announced that it planned to close some offices and cut, by 10%, its workforce that had bloated following the pandemic-fuelled jump in 2021. The Wall Street Journal also reported that the company had cut ties with a 75 acre wellness retreat where employees enjoyed a mix of training and getaway activities and was scaling back on the specialty baristas at Salesforce Tower, the company’s headquarters and San Francisco’s tallest skyscraper. But, if the company’s recent earnings report is anything to go by, it looks like founder and CEO Marc Benioff may have bought …
The software company’s latest results have given it a reprieve. But it still needs to crank up its product offerings and ease up on acquisitions.
Editor's note: Salesforce has been having a rough ride for a while. It has witnessed a slew of executive departures in recent months, including co-CEO Bret Taylor, arguably one of the most prolific innovators and executives of the tech industry. Taylor was the architect of Salesforce’s acquisition of Slack—the company’s biggest acquisition ever. Then there’s been significant internal drama with activist investor groups that have been pushing for Salesforce to increase growth and margins, and flagging concerns about its recent acquisitions. To make matters worse, in January, the company announced that it planned to close some offices and cut, by 10%, its workforce that had bloated following the pandemic-fuelled jump in 2021. The Wall Street Journal also reported that the company had cut ties with a 75 acre wellness retreat where employees enjoyed a mix of training and getaway activities and was scaling back on the specialty baristas at Salesforce Tower, the company’s headquarters and San Francisco’s tallest skyscraper. But, if the company’s recent earnings report is anything to go by, it looks like founder and CEO Marc Benioff may have bought …
India’s leading tech hardware distribution company is making the most of the unprecedented rise in global prices of laptops and other tech hardware. There’s just one problem.
A $234 million raise is chump change in the global AI arms race. Can Sarvam still compete?
CargoX gets a $250 million cheque from a prominent investment firm; the Gulf is shining in the upcoming American tech IPOs; and Abu Dhabi has hit pause on rental increases.
India’s leading tech hardware distribution company is making the most of the unprecedented rise in global prices of laptops and other tech hardware. There’s just one problem.
A $234 million raise is chump change in the global AI arms race. Can Sarvam still compete?
CargoX gets a $250 million cheque from a prominent investment firm; the Gulf is shining in the upcoming American tech IPOs; and Abu Dhabi has hit pause on rental increases.
