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Home » Dear Marc Benioff: Layoffs Are Not a Solution!
Cloud Wars Minute

Dear Marc Benioff: Layoffs Are Not a Solution!

Bob EvansBy Bob EvansJanuary 5, 2023Updated:April 13, 20232 Mins Read
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Acceleration Economy Cloud Wars

Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder Bob Evans. Each episode provides insights and perspectives around the “reimagination machine” that is the Cloud.

This episode of the Cloud Wars Minute is sponsored by Acceleration Economy’s Sustainability Digital Impact Summit, taking place on January 26, 2023. Listeners will receive actionable insights from technology buying committee analysts and leading technology providers. Click here to register today.

In this Cloud Wars Minute, Bob shares his suggestions for the Salesforce CEO after the company announced a sweeping layoff this week.

Highlights

00:33 — Yesterday, Salesforce had to announce a major layoff, consisting of around 7,500 employees, across the company. Although some of them may be necessary, layoffs are not the solution to the deeper problems affecting Salesforce currently.

01:00 — Over the last year or so, an increasing amount of CEO Marc Benioff’s comments have been to Wall Street and to investors, many of whom have been about profits. CFO Amy Weaver has done a great job reorganizing some of the ways that the company works to deliver a higher level of profit. However, that was happening while the company was growing 20% or more per quarter — then, that rate fell to 14% last quarter.

01:43 — The layoffs were not the cause of the growth rate fall. Rather, the layoffs were a symptom of underlying problems inside the company.

02:03 — Bob identifies four big issues that Salesforce will have to deal with:

  1. The decline of the growth rate to 14% — how can the company get that back on track?
  2. The departures of co-CEO Bret Taylor and Slack CEO Stewart Butterfield — what pushed these high-level executives out?
  3. The trigger of the “no guidance” decision from the last earnings call
  4. The release of Genie

03:45 — Bob suggests three areas in which Salesforce has a chance to grow:

  1. Net zero cloud
  2. Industry cloud business
  3. Partners and ecosystem business

To see more Cloud Wars content, including all recorded sessions from Cloud Wars Expo, please register here for your Cloud Wars Expo on-demand pass. The on-demand pass, which is included with your Acceleration Economy subscription, gives you access to approximately 40 hours of invaluable educational content.

CLIck here to get your cloud wars expo on-demand pass noW

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Bob Evans

Founder, Cloud Wars
Co-Founder, Acceleration Economy

Areas of Expertise
  • Cloud
  • Digital Business
  • LinkedIn

Founder of Cloud Wars and Co-Founder of the Acceleration Economy, Bob leads the strategic direction of the global analyst network and actively covers the Cloud and Digital Business categories. Creator of Cloud Wars Top 10, a ranking and ongoing analysis world's most influential tech companies driving digital business and the digital economy. World-class strategic communicator focused on emerging business strategy, disruptive innovation, and forward-looking leadership.

  Contact Bob Evans ...

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