Salesforce shares surged Wednesday, after the company forecast its profitability would increase this fiscal year as it faces activist shareholders focused on spending levels at the business-software provider. For its just-started fiscal year, Salesforce projected widening profit margins and revenue that would surpass analysts’ forecasts. “Improving profitability is our highest priority,” co-founder and Chief Executive Marc Benioff said on a call with analysts. Read More...
Waymo cuts 200 employees after second round of layoffs
Alphabet’s Waymo has issued its second round of layoffs this year, the company confirmed to TechCrunch. Combined with the initial cuts in January, the self-driving technology company has let go of 8%, or 209 employees, of its workforce. Waymo is on the path to commercialization of self-driving vehicle technology, but the road ahead is long, and the company isn’t yet bringing in much revenue to fund its operations.