Salesforce will lay off 10% of staff as part of restructuring

Re:Salesforce will lay off 10% of staff as part of restructu... by steveBK123 on Wednesday January 04, 2023 @11:19AM (#34247467)

Every rule has an exception, and maybe Larry has perfected something there or has a very well managed ego.

Most Co-head situations I see are either higher-ups setting up a power struggle between 2 newly appointed co-heads, or an existing head pretending to step back by appointing someone as their co-head who they can sabotage in real-time.

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Re:Salesforce will lay off 10% of staff as part of restructu... by tiffanyh on Wednesday January 04, 2023 @11:23AM (#34247548)

I wonder if the dynamic is simply ownership.

Larry is still the largest single stockholder of Oracle (~27%). So everyone knows he still runs the company at the end of the day.

Benioff only owns ~2% of Salesforce. There's institutional investors who own more of Salesforce than even Marc.

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Re:Salesforce will lay off 10% of staff as part of restructu... by steveBK123 on Wednesday January 04, 2023 @12:04PM (#34248207)

Another fun example is Deutsche Bank.

Their first non-German leader (Anshu Jain, who didn't speak German) was made Co-CEO with an older German hand Jürgen Fitschen from the board.

They pushed out Jain after 3 years, brought in a Brit John Cryan (who spoke German!) to co-CEO with Fitschen. Fitschen stayed on another year after which they finally let the non-German, Cryan run the place as sole CEO for 2 years before replacing him with another German as sole CEO.

So in total there were 4 years of non-German co-CEOing with a German, 2 years of a non-German actually being sole CEO, and then back to a German again like the rest of their 153 year history.

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