- Joseph K
Activist Investors Swarm Salesforce Amid Layoffs
Salesforce—the Silicon Valley dot-com giant that offers on-the-cloud office internet services—is dealing with demand contraction and personnel reduction.
The entrance in its capital of activist investors is yet another sign of changing times for the tech industry, now under pressure to boost stock prices and profit margins.
Elliot Management Corp., Inclusive Capital Partners and Starboard Value are among the better-known activist investment firms acquiring stakes in Salesforce.