Google has eliminated a “small number” of roles within its closely watched cloud division as a part of organizational changes, The Wall Street Journal reported on Friday. Though the cuts were said to be tied to shifting internal structures, the timing is curious given Google’s aggressive investment in cloud over the past year. The cloud division has made a number of recent acquisitions,...
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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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