Recently, Zacks.com users have been paying close attention to Salesforce.com (CRM). This makes it worthwhile to examine what the stock has in store.
Christopher Hohn of TCI Fund Management has been browbeating Alphabet since November, urging the tech giant to aggressively cut costs. When the company finally said it was laying off 12,000 employees earlier in January, Hohm responded by saying the tech giant didn't go far enough, urging it cut another 25,000 people from its payroll, reel in share-based and executive compensation, and cut salaries, claiming Alphabet pays its average employee $300,000 a year plus benefits. Meanwhile, Salesforce's recent woes have attracted attention from more than one activist investor.
Keep a close eye on tech cultures amid mass layoffs, experts warn.