Source: CNBC
Summary
Salesforce reported its Q4 2023 earnings, beating analyst expectations with revenue of $8.38 billion. The company also announced a major restructuring effort, including a 10% reduction in its workforce. Salesforce CEO Marc Benioff emphasized the company’s focus on artificial intelligence and its plans to integrate AI into its products.
Our Reading
The launch follows a familiar script.
Salesforce tries to prove it’s not dead yet, touting AI as its savior. The company’s Q4 earnings were solid, but the real news is the 10% layoffs and the promise of AI-powered everything. Because, you know, AI is the answer to all problems. The real question is, didn’t we already have AI-powered CRM 5 years ago?
Author: Evan Null
