Lawrence Summers and IMF director both say odds of soft landing for U.S. are improving
““It looks more possible that we’ll have a soft landing than it did a few months ago.”” Those were the words of former Treasury Secretary Lawrence Summers on Sunday, offering hope that the U.S. economy can avoid recession, but warning that inflation is still far too high. In an interview on CNN’s “Fareed Zakaria GPS” […]
Salesforce carries heavy ‘disruption risk’ that threatens its stock, analyst says
Salesforce Inc. is shaking up its leadership and its broader organization, and those changes carry uncertainty for its stock, according to an analyst. Cowen & Co.’s Derrick Wood downgraded shares of Salesforce CRM, +0.54% to market perform from outperform Friday, warning of the potential for “elevated levels of disruption risk” due to a handful of […]
Salesforce layoffs at its home base in San Francisco number in the hundreds so far
Salesforce Inc., which last week said it would be slashing 10% of its workforce, or about 8,000 people, has disclosed a wave of layoffs at its San Francisco headquarters in a filing with the state of California. A total of 752 job cuts will become effective March 24, Salesforce CRM, -1.72% said in a letter […]