In the wake of Salesforce’s (CRM) mass layoff announcement last week, Wall Street may have overlooked one key element in its haste to predict better profit margins from the tech giant.
According to Bernstein analyst Mark Moerdler, who published a critical client note on Salesforce Wednesday, mass firings may actually hinder sales growth and, as a result, profit margins.
“Salesforce recently announced a ~10% employee reduction, in addition to comments on other cuts, which will only drive…
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