Form 8-K Salesforce, Inc. For: Jan 04
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salesforce.com (CRM) cuts 'displays commitment to margin expansion' - Stifel
January 4, 2023 10:50 AM ESTStifel analyst Parker Lane reiterated a Buy rating and $175.00 price target on salesforce.com (NYSE: CRM) after the company announced plans to cut 10% of its workforce. The analyst said the news "displays commitment to margin expansion" and "most likely a pull forward of the >25% non-GAAP operating margin target (FY26)".
The... More
salesforce.com (CRM) 10% job cuts 'positive', but larger than expected - BMO
January 4, 2023 9:40 AM ESTBMO Capital analyst Keith Bachman reiterated an Outperform rating and $172.00 price target on salesforce.com (NYSE: CRM) after the company announced it would cut 10% of its workforce.
The analyst commented, "Salesforce announced a 10% RIF this morning and we offer a few comments.... More
Salesforce (CRM) to cut 10% of workforce
January 4, 2023 6:34 AM ESTOn January 4, 2023, Salesforce, Inc. (NYSE: CRM)) announced a restructuring plan intended to reduce operating costs, improve operating margins, and continue advancing the Companys ongoing commitment to profitable growth. The Plan includes a reduction of the Companys current workforce by approximately 10 percent and select real estate exits and office space reductions within certain markets. Decisions regarding the elimination of positions are subject to local law and consultation requirements in... More
