12 Stories

'At What Point Does Hawaii Not Become Hawaii Anymore?'

NPR investigates tech billionaire Marc Benioff's sizable land purchases in small town

(Newser) - In the three-stoplight, agricultural town of Waimea on Hawaii's Big Island, more than 600 acres of land have been scooped up by billionaire Marc Benioff. And while tech tycoons buying vast tracts in Hawaii isn't a new story (or if it is to you, please meet Mark Zuckerberg'...

Salesforce Cutting Thousands of Workers

10% of the company's staff will be cut

(Newser) - Salesforce is laying off about 10% of its workforce, or nearly 8,000 employees, in the latest round of job cuts in the tech industry as corporations cut back on software and other spending. The San Francisco cloud computing software company will also be closing some offices, according to a...

Salesforce, Uber, Lyft Make Moves Around Texas Abortion Law

Salesforce will relocate workers concerned about care access; Uber, Lyft will pay drivers' legal fees

(Newser) - The Texas abortion ban, and the recent Supreme Court ruling keeping it in place, is drawing plenty of reaction, from everyone from Justice Stephen Breyer to Attorney General Merrick Garland weighing in. Add into the mix, with the company informing employees this week that it would pay for...

Salesforce Will Keep One Big Perk After Pandemic

Software company will let most employees keep working from home after this is all over

(Newser) - Telecommuting, work from home, working virtually, working remotely—whatever you call it, employees at San Francisco's largest private company are about to have the option to do it permanently, even after we've finally chased the pandemic away. Salesforce announced Tuesday that most of its workers will be permitted...

Salesforce Says $27.7B Deal Is a 'Match Made in Heaven'

Company hopes to take on Microsoft with Slack acquisition

(Newser) - Business software pioneer is buying work-chatting service Slack for $27.7 billion in a deal aimed at giving the two companies a better shot at competing against longtime industry powerhouse Microsoft. The acquisition announced Tuesday is by far the largest in the 21-year history of Salesforce. The San...

Massive Tech Profits Lift S&P 500 to New High
Massive Tech Profits
Lift S&P 500 to New High

Massive Tech Profits Lift S&P 500 to New High

Index rose despite falls in many sectors

(Newser) - More blowout profit reports from big tech companies pushed the S&P 500 to another record high on Wednesday. The benchmark index rose 1%, even though most of the stocks within it fell. Tech stocks accounted for the lion’s share of the gains. The S&P 500 gained 35....

Salesforce's CEO Went on Vacation, Had an Epiphany

Marc Benioff isn't the only CEO anymore

(Newser) - Salesforce had an envy-worthy 2018. The markets had their gloomiest year since 2008 , but Salesforce shares were up 34%. In the most recent quarter, revenue and earnings topped estimates for the 30,000-employee company. Ari Levy looks at what CEO Marc Benioff is doing right—and Levy begins his lengthy...

CEO 'Too Busy Scuba Diving' to Deal With Border Crisis

Marc Benioff slammed for CBP contract

(Newser) - Salesforce CEO Marc Benioff is taking flak for his tech company's contract with US Customs and Border Protection—and for the way he backed out of a call with a nonprofit group at the height of the family separation crisis. In an email seen by the Guardian , Benioff called...

Tech Billionaire, Wife to Buy Time for $190M

Benioffs set to become mag's 2nd owners in a year

(Newser) - Time magazine is about to change hands for the second time in less than a year. In a deal awaiting the approval of regulators, Salesforce founder Marc Benioff and his wife, Lynne, are buying the 95-year-old magazine from Meredith Corporation for $190 million, CNBC reports. Meredith—which acquired Time Inc....

10 Best US Companies to Work For
10 Best
US Companies
to Work For

10 Best US Companies to Work For

The top firm boasts employee 'mindfulness' rooms and 56 paid hours yearly for volunteering

(Newser) - Finding a place to punch in where no one watches the clock all day is every employee's dream, and Fortune has compiled a list of the US companies that just might fit the bill. The magazine looked at feedback from more than 315,000 employees of companies that have...

10 Highest Paying Internships in US
Here, Interns Can
Earn $96K a Year

Here, Interns Can Earn $96K a Year

Facebook's interns are a lucky bunch

(Newser) - Contrary to popular belief, it is possible to keep a rewarding internship and a roof over your head . If you're prepared for a fight, you can find a great internship that also pays well—$8,000 per month in the case of Facebook. Here are the companies offering the...

Google Ups Ante in Office Software Fight Vs. Microsoft

Expansion of partnership with Salesforce puts Softy on defensive

(Newser) - Google and have expanded their partnership in customer-management and office software, the New York Times reports, in an ongoing competition with Microsoft and its Office suite. Salesforce’s software will be further integrated with Google’s applications—a milestone in the search giant’s efforts to challenge Microsoft...

12 Stories