Salesforce CEO calls coming job cuts ‘part of running business in a successful way’

Salesforce (CRM), coming off a massive second quarter and poised to be added to the Dow Jones Industrial Average, is like all other businesses operating in a pandemic — having to make “difficult decisions” like cutting headcount, CEO Mark Benioff told Yahoo Finance.

The billionaire explained that job cuts, especially during a pandemic, is part of running a successful business. According to The Wall Street Journal, Salesforce is eliminating around 1,000 jobs, with the impacted workers given 60 days to find new positions within the company.

The move comes at a time when joblessness is at its highest levels in years. Yet with 54,000 employees, the job cuts account for less than 2% of the total headcount. Typically, Salesforce looks at “rebalancing five to 10%” of its employees each year, Benioff explained on Wednesday.

“It’s part of running our business in a successful way. And that

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EU Powers Suffer Shock Defeat as Irish Take Key Finance Job

(Bloomberg) — The euro region’s smallest nations staged an uprising to put one of their own in charge of finance ministers’ meetings and strike a blow against the bloc’s major powers.

Ireland’s Paschal Donohoe won a secret ballot of 19 colleagues Thursday to become president of the Eurogroup, defeating the Spanish favorite, Nadia Calvino, who was backed by the European Union’s four biggest economies.

Germany, France, Italy and particularly Spain were angered by a loss that they failed to see coming, said one official with knowledge of the process. Smaller countries from eastern Europe said they felt that in backing Donohoe they were supporting one of their own, said another.

The fact that both leading candidates came from countries that were bailed out during the sovereign debt crisis is a sign that the EU is ready to turn the page on the divisions of the austerity years. Yet the small

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Brett Conti left his unfulfilling finance job and started a skateboard empire

When Brett Conti started his internship at a finance firm, he knew almost immediately that this was not the career path he wanted.

“I didn’t just want to be a robot,” Conti told In The Know. “I wanted to do something much bigger.”

A big part of his life up to that point had been skateboarding, but he did it for fun and had no intention of turning that hobby into a full-time job.

But when he was injured and had to take a break for six months, he turned to another creative passion of his: Clothing. Bored and feeling stuck in his college dorm, he started making sell my house fast jacksonville pocket t-shirts and hats with his grandmother’s sewing machine.

Conti’s grandfather owned a textile company and Conti grew up learning about different fabrics and the fundamentals of creating clothes. Again, this was another interest of his that

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