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This is my perspective as well. Using Salesforce as an example(having cut 10% of their workforce just a week ago). Their Q3 2022 results - “We had a solid qua
by shartshooter 4y ago
This is my perspective as well. Using Salesforce as an example(having cut 10% of their workforce just a week ago).
Their Q3 2022 results
- “We had a solid quarter with revenue of $7.84 billion, up 14% year-over-year or 19% growth in constant currency, and record operating margin,” said Marc Benioff, Chair & Co-CEO, Salesforce.
- “We delivered another quarter of double-digit top and bottom line growth,” said Amy Weaver, President and CFO, Salesforce.
In my opinion, they're laying folks off because they can conveniently get away with it without too much blowback.
And best of all, their stock is up 6% in the past five days so the folks they're really catering to are happy as a clam.