Salesforce

Fabulous company to work for before this year.

One of the best companies to work for.

Culture put people ahead of profit, and employees were loyal to the company.

Company direction has been taken over by vulture capitalists. Expect to see regular layoffs yearly going forward.

Stacked ranking has been introduced (although they softened the terminology…it’s still stacked ranking).

Culture is starting to turn toxic as employees and managers jockey and backstab to avoid layoffs and pips.

Risk-taking was previously rewarded even in failure…that’s unlikely to continue.

Pay raises, bonuses, and stock grants have been reduced considerably, and further cuts are likely to become regular occurrences.

Internal bureaucracy is becoming overwhelming, slowing down development and customer support to a crawl.

Management is aware of and sympathetic to the toxic changes but is powerless to do anything.

Even Marc Benioff seems to be fearful of losing his title and is taking positions unthinkable even a year ago.

Fast growth culture is over. It’s all about profit margin now.

Ohana is dead.

Company will live on, but as a traditional IT company not unlike IBM or Oracle.

Path to $50 billion in 3 years is unlikely.