Makes sense. Their software product isn't very good. They should take the profits they have and diversify into other businesses.
Salesforce will hire no more software engineers in 2025, says Marc Benioff
241–250 of 409 posts
Re: Salesforce will hire no more software engineers in 2025, says Marc Benioff
#242Current SFDC software engineer - this is just cover for a widespread engineering hiring freeze since the layoffs in January 2023. There's a ton of pressure to control costs after the near shareholder revolt that caused the layoffs. The public nature of the announcement is certainly marketing for our AI offerings as well, but at this point I think most engineers are just worried there will be additional layoffs, in th…
Looks like it. The only other explanation is they just stopped investing in other products and focused on Agents, thus no need for loads more of engineering. No way in the world they got 30% gains. 5 maybe realistically
I recently had a refreshing conversation with a bank VP (head of AI), he said yes, they do see 30-40% improvement in "some" processes, so overall maybe 0.5-1% improvement.
So I'm betting they got 30% gains in e.g. "OCRing" and quote that, ignoring that the OCR part is 1% of an entire process chain.
Re: Salesforce will hire no more software engineers in 2025, says Marc Benioff
#243Earlier quoted context omitted.
FAANG used to over-employ not just due to ZIRP, but also in the fear that their engineers would build competing products. These companies enjoy healthy margins. Unemployed engineers can duplicate the core functionality and offer it for less.
I seriously wonder why this is not happening more given all the copilots available. I guess the h1bs don't have the time/appetite to do this. Wouldn't locals have enough of a vendetta to do this?
Salesforce is a sales driven org. It’s hard for engineers (and essentially impossible for H1B’s) to replace that.
Re: Salesforce will hire no more software engineers in 2025, says Marc Benioff
#244Earlier quoted context omitted.
It also lost 70% of its revenue.
The deal still has me scratching my head. They tossed out the brand name and logo. Elon already had the X name and domain. For much less than $44B I feel like you could clone Twitter and come up with a strategy to acquire users. Hell, for $1 billion you could probably pay a good number of influencers to move to your platform. $44 billion is an absolute fuckton of money to kill Twitter and move those people to your pe…
> $44 billion is an absolute fuckton of money to kill Twitter and move those people to your pet project.
What's the point of having Fuck You Money if you can't say "Fuck You?" Your value assessment isn't taking into account the value of destroying old Twitter, of removing a major bullhorn in the information environment away from people that Musk probably considers adversaries at best, and malevolent actors at worst. Simply standing up his own competing platform would not have accomplished this.
Re: Salesforce will hire no more software engineers in 2025, says Marc Benioff
#2451. Salesforce will continue to hire engineers 2. The productivity gains of 30% are probably overstated, in a likely effort to try and sell their AI products
> The productivity gains of 30% are probably overstated I am doubtful as well. I could imagine 30 percent among certain engineers for certain tasks, especially if you use a popular language with popular libraries and frameworks that are well-represented in the training dataset. I don’t know how typical of a codebase Salesforce has. They could also finetune a model on their own codebase or devote a small team of engin…
There may also be engineers working harder because of being worried about getting laid off. How could they separate those productivity increases from AI?
Re: Salesforce will hire no more software engineers in 2025, says Marc Benioff
#246I was at Salesforce for 4 years, and during those years the company made a massive deal about: 2020: the first AI craze, introducing “Einstein” as their name for their analytics platform, and officially changing the corporate vision to being the “No. 1 AI CRM company”. 2021: Now it’s all about “Customer 360”, i.e. account-based marketing, i.e. what basically everyone else does without such a memeable name. You wouldn…
The AI trough of trough of disillusionment is coming, and these hype-driven execs are going to feel it. There are relatively few techs that have a genuine use-case for it (copilot being an obvious example).
Re: Salesforce will hire no more software engineers in 2025, says Marc Benioff
#247Earlier quoted context omitted.
I seriously wonder why this is not happening more given all the copilots available. I guess the h1bs don't have the time/appetite to do this. Wouldn't locals have enough of a vendetta to do this?
Salesforce is a sales driven org. It’s hard for engineers (and essentially impossible for H1B’s) to replace that .
Given my exposure to the product and portions of it's userbase I -want- to call it a cult more than anything else, mostly based on years spent fucking around in the back end of one salesforce instance after another trying to get it to replicate functionality that I could have gotten online in an afternoon with a 2 page training document and a couple shared Google spreadsheets. I am clearly not in the target audience as I do -not- see the value proposition and never have.
Re: Salesforce will hire no more software engineers in 2025, says Marc Benioff
#248Read into this what you will for Salesforce particularly, but we are probably going to start seeing similar announcements from other companies. Generative AI has completely revolutionzed the nature of knowledge work, and this will be the year when it really starts to hit.
Re: Salesforce will hire no more software engineers in 2025, says Marc Benioff
#249If they're no longer a technology company, won't that crush their multiple?
Re: Salesforce will hire no more software engineers in 2025, says Marc Benioff
#250Earlier quoted context omitted.
Ah, the toxic env, I'm too familiar with it. Quarterly layoffs, perks gone, more RTO, but execs can still travel around lavishly.
FAANG used to over-employ not just due to ZIRP, but also in the fear that their engineers would build competing products. These companies enjoy healthy margins. Unemployed engineers can duplicate the core functionality and offer it for less.
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