Salesforce cut hundreds of employees Monday

Salesforce cut hundreds of employees Monday

Sales force confirmed on Tuesday that it is cutting some employees this week after the company’s software maker saw demand ease in some countries and industries. Protokol previously reported on the cuts, saying they could affect up to 2,500 employees. A person familiar with the matter said Salesforce let go fewer than 1,000 people on … Read more

Ukraine looks to technology to rebuild economy after Russia’s invasion

Ukraine looks to technology to rebuild economy after Russia’s invasion

An attendee walks past Ukraine’s booth at the Web Summit 2022 technology conference in Lisbon, Portugal. Patricia De Melo Moreira | afp | Getty Images LISBON, PORTUGAL — As the war in Ukraine rages on, the country’s tech entrepreneurs are trying to stay positive. “I don’t think there’s anything in the world that can kill … Read more

Meta may begin large-scale layoffs this week, report says

Meta may begin large-scale layoffs this week, report says

An avatar of Mark Zuckerberg, CEO of Meta Platforms Inc., speaks during the Meta Connect virtual event in New York, U.S., Tuesday, Oct. 11, 2022. Michael Nagle | Bloomberg | Getty Images Facebook parent Meta could begin large-scale layoffs as early as Wednesday, according to a report from the Wall Street Journal. The layoffs are … Read more

Atlassian (TEAM) Q1 2023

Atlassian (TEAM) Q1 2023

Scott Farquhar, co-founder and co-CEO of software company Atlassian, speaks during a jobs and skills summit at Parliament House on September 1, 2022 in Canberra, Australia. The Australian Government is bringing together political, business, union and community leaders at Parliament House to address issues facing the Australian economy and workforce as inflation and interest rates … Read more

Ukraine’s government is looking for alternatives to Elon Musk’s Starlink

Ukraine’s government is looking for alternatives to Elon Musk’s Starlink

Ukrainian Deputy Prime Minister Mykhailo Fedorov speaks at a Nov. 3 press conference at the 2022 Web Summit. Horacio Villalobos | Getty Images The Ukrainian government is looking for alternatives to Starlink, the satellite internet arm of Elon Musk’s SpaceX, Deputy Prime Minister Mykhailo Fedorov said Thursday. Musk’s continued support for Starlink in Ukraine was … Read more

Cloud stocks rose as the Fed indicates more rate hikes are on the way

Cloud stocks rose as the Fed indicates more rate hikes are on the way

Investors pounded cloud software stocks on Wednesday on concerns that interest rates will rise further than previously expected. Stocks initially rose when the Federal Reserve announced it would raise its benchmark interest rate by 75 basis points. But after Powell began speaking at the central bank’s press conference, stocks reversed their gains and fell to … Read more

Qualcomm (QCOM) earnings Q4 2022

Qualcomm (QCOM) earnings Q4 2022

Cristiano Amon, president and CEO of Qualcomm, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Qualcomm shares fell 7% in extended trading Wednesday after the chipmaker reported in-line fiscal fourth-quarter earnings but offered poor guidance for the first quarter. The … Read more

Shares of Airbnb fall on low guidance in the fourth quarter

Shares of Airbnb fall on low guidance in the fourth quarter

Mateusz Slodkowski | Sopa pictures | Lightrocket | Getty Images Shares of Airbnb fell more than 12% on Wednesday, a day after the company posted third-quarter earnings that beat Wall Street estimates but fell short of fourth-quarter forecasts. Airbnb beat the top and bottom lines in its third quarter. The company had revenue of $2.9 … Read more

Roam raises $40 million to take on Zoom with virtual office spaces

Roam raises $40 million to take on Zoom with virtual office spaces

Howard Lerman, CEO, Yext Scott Mill | CNBC Howard Lerman is tired of sitting in Zoom meetings. The previous Ext The CEO has spent over a year creating Roam, a new kind of virtual office software that allows employees to communicate less formally and more effectively. Roam functions as an office building in the cloud, … Read more

The Amazon dive pushes the valuation below $1 trillion for the first time since 2020

The Amazon dive pushes the valuation below $1 trillion for the first time since 2020

Andy Jassy, ​​CEO of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon has left the trillion-dollar club. Shares of the e-retailer fell 5.9% on Tuesday, falling for a fifth straight day and closing at the lowest since April 2020. The … Read more