SA: Morgan Stanley, HSBC said to cut Asia investment-banking jobs
SEEKING ALPHA reports: With business outlooks hindered by a dealmaking drought and sluggish market conditions in ...
SEEKING ALPHA reports:
– Salesforce (CRM) said Wednesday it is embarking on restructuring that includes laying off about 10% of its workforce.
– CRM rose 1.8% in premarket trading.
– “As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that,” co-CEO Marc Benioff wrote in a letter to employees.
– CRM will also exit real estate and reduce office space in some markets…
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