It would be an understatement to say that Salesforce has been having a rough ride of late — from activist pressure to executive departures and layoffs — it seems like everyone was piling onto a company that was already struggling as profits declined. It needed a strong quarter, and all indications were they wouldn’t get…
Elliott Management, one of five activist investors working inside of Salesforce, has nominated a slate of candidates to the Salesforce board of directors. This move, which was confirmed by sources to TechCrunch, is an indication that negotiations to resolve this without getting to this point have broken down. CNBC was first with this news. “Elliott…
Actor Matthew McConaughey is reportedly getting paid more than $10 million a year by cloud computing giant Salesforce to be the man to tell regular folks they want to “create more opportunities” clap. That they want “less cancellation and more conversa…
When Salesforce reports earnings on Wednesday, it could be a critical report for the company with five activist investors circling. With 5 activists in the mix, Salesforce will report earnings Wednesday by Ron Miller originally published on TechCrunch
Salesforce is looking at new ways to cut costs as activist investors continue to put pressure on the company. Today, Insider was reporting that the company is implementing much stricter performance measurements for engineering, with some salespeople being put under pressure to quit or succumb to harsh performance policies of their own. This is consistent…
What do the investors want from Salesforce, which is hardly in full distress? Sure, the stock is down, but it raked in $8 billion last quarter. That could be why they’re so interested. Can 4 activist investors play nice in the Salesforce sandbox? by Ron Miller originally published on TechCrunch
The hackers who reportedly hit more than 130 organizations last year and stole the credentials of almost 10,000 employees are still targeting several tech and video game companies, according to a report obtained by TechCrunch. The report, prepared by cybersecurity firm CrowdStrike, calls the hackers “Scattered Spider.” In a previous publicly available report, the company…
When Salesforce announced it was laying off 10% of its workforce last month, you might have assumed that meant that everyone who was affected was informed at that time. With social media flush with people talking about Salesforce layoffs today, the company says these are part of that original announcement, but some folks are learning…
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