Instacart announced on Monday that it is planning to hire 300,000 more independent contractors across the country to pluck items from grocery store shelves and deliver them to customers, in response to increased demand as customers stay home and order online amid the coronavirus pandemic. “The last few weeks have been the busiest in Instacart’s history and our teams are working around the clock...
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How Activists Proved to be Salesforce’s ‘Superpower’
These corporate efficiency initiatives really work! Salesforce’s April-quarter earnings report Wednesday showed an operating profit of $412 million, a 5% margin, compared with $20 million a year earlier, which equated to a margin of 0.27%. The reason was lower expenses—research and development costs fell 8.4% while marketing expenses dropped 6.5%—even as revenue rose 11%. Cutting costs to lift...
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