It's expanding its share buyback program after introducing it last year.
The cloud software company announced layoffs during the quarter as activists push it to become more profitable.Marc Benioff, co-founder and CEO of Salesforce, speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023.shares soared 15% in extended trading on Wednesday after the cloud software maker beat Wall Street estimates on profit and issued a better-than-expected forecast.$1.68 per share, adjusted, vs. $1.36 per share as expected by analysts, according to Refinitiv.
. The company reported a loss of $98 million, compared with a loss of $28 million in the year-ago quarter.of its workforce, representing over 7,000 people, and that restructuring strategy led to $828 million in costs during the quarter. Profitability has become a higher priority at Salesforce, which in recent months has been getting pressured by an
Only 7% should have laid off more people.
What was the point of laying off so many people if the outlook looks good?
Benioff $CRM salesforce needs to teach hansvestberg $VZ Verizon some lessons on how to run the show
Alright alright alright