Salesforce to Lay Off 8,000 Workers in Latest Tech Purge
It's the End of the Boom Times in Tech, as Layoffs Keep Mounting
Salesforce to Buy Work Chat Service Slack for $27.7 Billion
Salesforce CEO Marc Benioff Gives $30 Million to UCSF to Study Homelessness
Crack in Support Beam Shuts Down S.F.'s Brand-New $2 Billion Transit Terminal
Benioffs to Buy Time Magazine for $190 Million
Immigrant Rights Group Turns Down $250,000 From Salesforce Over Ties to Border Agency
Look, Up in the Sky!
Salesforce Tower Nears Completion as Final Beam Installed
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Email him at dclyde@kqed.org or follow him @clydedon.","avatar":"https://secure.gravatar.com/avatar/decd3e640c3eedbd0a574275aebb2d19?s=600&d=blank&r=g","twitter":"clydedon","facebook":null,"instagram":null,"linkedin":null,"sites":[{"site":"arts","roles":["editor"]},{"site":"styleguide","roles":["administrator"]},{"site":"artschool","roles":["editor"]},{"site":"news","roles":["administrator"]},{"site":"futureofyou","roles":["editor"]},{"site":"about","roles":["editor"]},{"site":"mindshift","roles":["contributor"]},{"site":"bayareabites","roles":["contributor"]},{"site":"lowdown","roles":["editor"]},{"site":"stateofhealth","roles":["administrator"]},{"site":"spark","roles":["administrator"]},{"site":"trulyca","roles":["administrator"]},{"site":"imagemakers","roles":["administrator"]},{"site":"science","roles":["editor"]},{"site":"education","roles":["editor"]},{"site":"quest","roles":["subscriber"]},{"site":"checkplease","roles":["subscriber"]},{"site":"food","roles":["administrator"]},{"site":"forum","roles":["editor"]},{"site":"perspectives","roles":["editor"]},{"site":"breakingnews","roles":["editor"]}],"headData":{"title":"Don Clyde | KQED","description":"KQED Contributor","ogImgSrc":"https://secure.gravatar.com/avatar/decd3e640c3eedbd0a574275aebb2d19?s=600&d=blank&r=g","twImgSrc":"https://secure.gravatar.com/avatar/decd3e640c3eedbd0a574275aebb2d19?s=600&d=blank&r=g"},"isLoading":false,"link":"/author/dclyde"},"dmarks":{"type":"authors","id":"182","meta":{"index":"authors_1591205172","id":"182","found":true},"name":"David Marks","firstName":"David","lastName":"Marks","slug":"dmarks","email":"dmarks@kqed.org","display_author_email":false,"staff_mastheads":["news"],"title":"KQED Editor","bio":"David Marks is a senior digital editor for KQED News. \u003c/a>Reach him at dmarks@kqed.org.","avatar":"https://secure.gravatar.com/avatar/b88bd6227ce6cb96ae33fefaf42b2a29?s=600&d=blank&r=g","twitter":"divadskram","facebook":null,"instagram":null,"linkedin":null,"sites":[{"site":"","roles":["editor"]},{"site":"arts","roles":["editor"]},{"site":"news","roles":["administrator"]},{"site":"mindshift","roles":["editor"]},{"site":"stateofhealth","roles":["editor"]},{"site":"science","roles":["editor"]},{"site":"forum","roles":["editor"]},{"site":"perspectives","roles":["administrator"]},{"site":"liveblog","roles":["editor"]}],"headData":{"title":"David Marks | KQED","description":"KQED Editor","ogImgSrc":"https://secure.gravatar.com/avatar/b88bd6227ce6cb96ae33fefaf42b2a29?s=600&d=blank&r=g","twImgSrc":"https://secure.gravatar.com/avatar/b88bd6227ce6cb96ae33fefaf42b2a29?s=600&d=blank&r=g"},"isLoading":false,"link":"/author/dmarks"},"markfiore":{"type":"authors","id":"3236","meta":{"index":"authors_1591205172","id":"3236","found":true},"name":"Mark Fiore","firstName":"Mark","lastName":"Fiore","slug":"markfiore","email":"mark@markfiore.com","display_author_email":false,"staff_mastheads":["news"],"title":"KQED News Cartoonist","bio":"\u003ca href=\"http://www.MarkFiore.com\">MarkFiore.com\u003c/a> | \u003ca href=\"https://twitter.com/markfiore\">Follow on Twitter\u003c/a> | \u003ca href=\"https://www.facebook.com/pages/Mark-Fiore-Animated-Political-Cartoons/94451707396?ref=bookmarks\">Facebook\u003c/a> | \u003ca href=\"mailto:mark@markfiore.com\">email\u003c/a>\r\n\r\nPulitzer Prize-winner, Mark Fiore, who the Wall Street Journal has called “the undisputed guru of the form,” creates animated political cartoons in San Francisco, where his work has been featured regularly on the San Francisco Chronicle’s web site, SFGate.com. His work has appeared on Newsweek.com, Slate.com, CBSNews.com, MotherJones.com, DailyKos.com and NPR’s web site. Fiore’s political animation has appeared on CNN, Frontline, Bill Moyers Journal, Salon.com and cable and broadcast outlets across the globe.\r\n\r\nBeginning his professional life by drawing traditional political cartoons for newspapers, Fiore’s work appeared in publications ranging from the Washington Post to the Los Angeles Times. In the late 1990s, he began to experiment with animating political cartoons and, after a short stint at the San Jose Mercury News as their staff cartoonist, Fiore devoted all his energies to animation.\r\nGrowing up in California, Fiore also spent a good portion of his life in the backwoods of Idaho. It was this combination that shaped him politically. Mark majored in political science at Colorado College, where, in a perfect send-off for a cartoonist, he received his diploma in 1991 as commencement speaker Dick Cheney smiled approvingly.\r\nMark Fiore was awarded the Pulitzer Prize for political cartooning in 2010, a Robert F. Kennedy Journalism Award in 2004 and has twice received an Online Journalism Award for commentary from the Online News Association (2002, 2008). Fiore has received two awards for his work in new media from the National Cartoonists Society (2001, 2002), and in 2006 received The James Madison Freedom of Information Award from The Society of Professional Journalists.","avatar":"https://secure.gravatar.com/avatar/fc4e2a612b15b67bad0c6f0e1db4ca9b?s=600&d=blank&r=g","twitter":"MarkFiore","facebook":null,"instagram":"https://www.instagram.com/markfiore/?hl=en","linkedin":null,"sites":[{"site":"arts","roles":["contributor"]},{"site":"news","roles":["editor"]},{"site":"futureofyou","roles":["editor"]},{"site":"science","roles":["editor"]}],"headData":{"title":"Mark Fiore | KQED","description":"KQED News Cartoonist","ogImgSrc":"https://secure.gravatar.com/avatar/fc4e2a612b15b67bad0c6f0e1db4ca9b?s=600&d=blank&r=g","twImgSrc":"https://secure.gravatar.com/avatar/fc4e2a612b15b67bad0c6f0e1db4ca9b?s=600&d=blank&r=g"},"isLoading":false,"link":"/author/markfiore"},"aescarce":{"type":"authors","id":"11337","meta":{"index":"authors_1591205172","id":"11337","found":true},"name":"Alissa Escarce","firstName":"Alissa","lastName":"Escarce","slug":"aescarce","email":"AEscarce@KQED.org","display_author_email":false,"staff_mastheads":[],"title":"KQED Contributor","bio":"Alissa Escarce is a former radio news intern for KQED. She is also an independent radio producer whose work on urban planning, immigration, and agriculture has appeared on NPR's Latino USA, KCRW, and Radio Bilingue. Email: aescarce@kqed.org Twitter: @Alissa Escarce","avatar":"https://secure.gravatar.com/avatar/6b67efb4a15999ffba7cc1a680cb87b1?s=600&d=blank&r=g","twitter":"AlissaEscarce","facebook":null,"instagram":null,"linkedin":null,"sites":[{"site":"news","roles":["subscriber"]}],"headData":{"title":"Alissa Escarce | KQED","description":"KQED Contributor","ogImgSrc":"https://secure.gravatar.com/avatar/6b67efb4a15999ffba7cc1a680cb87b1?s=600&d=blank&r=g","twImgSrc":"https://secure.gravatar.com/avatar/6b67efb4a15999ffba7cc1a680cb87b1?s=600&d=blank&r=g"},"isLoading":false,"link":"/author/aescarce"}},"breakingNewsReducer":{},"campaignFinanceReducer":{},"firebase":{"requesting":{},"requested":{},"timestamps":{},"data":{},"ordered":{},"auth":{"isLoaded":false,"isEmpty":true},"authError":null,"profile":{"isLoaded":false,"isEmpty":true},"listeners":{"byId":{},"allIds":[]},"isInitializing":false,"errors":[]},"navBarReducer":{"navBarId":"news","fullView":true,"showPlayer":false},"navMenuReducer":{"menus":[{"key":"menu1","items":[{"name":"News","link":"/","type":"title"},{"name":"Politics","link":"/politics"},{"name":"Science","link":"/science"},{"name":"Education","link":"/educationnews"},{"name":"Housing","link":"/housing"},{"name":"Immigration","link":"/immigration"},{"name":"Criminal Justice","link":"/criminaljustice"},{"name":"Silicon Valley","link":"/siliconvalley"},{"name":"Forum","link":"/forum"},{"name":"The California Report","link":"/californiareport"}]},{"key":"menu2","items":[{"name":"Arts & Culture","link":"/arts","type":"title"},{"name":"Critics’ Picks","link":"/thedolist"},{"name":"Cultural Commentary","link":"/artscommentary"},{"name":"Food & Drink","link":"/food"},{"name":"Bay Area Hip-Hop","link":"/bayareahiphop"},{"name":"Rebel Girls","link":"/rebelgirls"},{"name":"Arts Video","link":"/artsvideos"}]},{"key":"menu3","items":[{"name":"Podcasts","link":"/podcasts","type":"title"},{"name":"Bay Curious","link":"/podcasts/baycurious"},{"name":"Rightnowish","link":"/podcasts/rightnowish"},{"name":"The Bay","link":"/podcasts/thebay"},{"name":"On Our Watch","link":"/podcasts/onourwatch"},{"name":"Mindshift","link":"/podcasts/mindshift"},{"name":"Consider This","link":"/podcasts/considerthis"},{"name":"Political Breakdown","link":"/podcasts/politicalbreakdown"}]},{"key":"menu4","items":[{"name":"Live Radio","link":"/radio","type":"title"},{"name":"TV","link":"/tv","type":"title"},{"name":"Events","link":"/events","type":"title"},{"name":"For Educators","link":"/education","type":"title"},{"name":"Support KQED","link":"/support","type":"title"},{"name":"About","link":"/about","type":"title"},{"name":"Help Center","link":"https://kqed-helpcenter.kqed.org/s","type":"title"}]}]},"pagesReducer":{},"postsReducer":{"stream_live":{"type":"live","id":"stream_live","audioUrl":"https://streams.kqed.org/kqedradio","title":"Live Stream","excerpt":"Live Stream information currently unavailable.","link":"/radio","featImg":"","label":{"name":"KQED Live","link":"/"}},"stream_kqedNewscast":{"type":"posts","id":"stream_kqedNewscast","audioUrl":"https://www.kqed.org/.stream/anon/radio/RDnews/newscast.mp3?_=1","title":"KQED Newscast","featImg":"","label":{"name":"88.5 FM","link":"/"}},"news_11936759":{"type":"posts","id":"news_11936759","meta":{"index":"posts_1591205157","site":"news","id":"11936759","score":null,"sort":[1672862383000]},"guestAuthors":[],"slug":"salesforce-to-lay-off-8000-workers-in-latest-tech-purge","title":"Salesforce to Lay Off 8,000 Workers in Latest Tech Purge","publishDate":1672862383,"format":"standard","headTitle":"KQED News","labelTerm":{"site":"news"},"content":"\u003cp>Business software maker Salesforce is laying off about 8,000 employees, or 10% of its workforce, as major technology companies continue to prune payrolls that rapidly expanded during pandemic lockdowns.\u003c/p>\n\u003cp>The cuts announced Wednesday are by far the largest in the 23-year history of the San Francisco company founded by former Oracle executive Marc Benioff. Benioff pioneered the method of leasing software services to internet-connected devices — a concept now known as “cloud computing.”\u003c/p>\n\u003cp>The layoffs are coming on the heels of a shake-up in Salesforce’s top ranks. Benioff’s handpicked co-CEO Bret Taylor, who also was Twitter’s chair at the time of its tortuous $44 billion sale to billionaire Elon Musk, left Salesforce. Then, Slack co-founder Stewart Butterfield left; \u003ca href=\"https://apnews.com/article/us-news-coronavirus-pandemic-marc-benioff-14fd88a9308e240570ae749f809defdf\">Salesforce bought Slack\u003c/a> two years ago for nearly $28 billion.\u003c/p>\n\u003cp>Salesforce workers who lose their jobs will receive nearly five months of pay, health insurance, career resources and other benefits, according to the company.\u003c/p>\n\u003cp>Benioff, now the sole chief executive at Salesforce, told employees in a letter that he blamed himself for the layoffs after continuing to hire aggressively into the pandemic, with millions of Americans working from home and demand for the company’s technology surging.\u003c/p>\n\u003cfigure id=\"attachment_11936764\" class=\"wp-caption alignnone\" style=\"max-width: 800px\">\u003cimg class=\"size-medium wp-image-11936764\" src=\"https://ww2.kqed.org/app/uploads/sites/10/2023/01/RS18480_457215846-qut-800x528.jpg\" alt=\"A man speaks in front of a purple background.\" width=\"800\" height=\"528\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2023/01/RS18480_457215846-qut-800x528.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2023/01/RS18480_457215846-qut-1020x673.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2023/01/RS18480_457215846-qut-160x106.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2023/01/RS18480_457215846-qut-1536x1014.jpg 1536w, https://ww2.kqed.org/app/uploads/sites/10/2023/01/RS18480_457215846-qut.jpg 1920w\" sizes=\"(max-width: 800px) 100vw, 800px\">\u003cfigcaption class=\"wp-caption-text\">Salesforce CEO Marc Benioff delivers a keynote address during the 2014 Dreamforce conference on Oct. 14, 2014, in San Francisco. \u003ccite>(Justin Sullivan/Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>“As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that,” Benioff wrote.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Salesforce employed about 49,000 people in January 2020 just before the pandemic struck. Salesforce’s workforce today is still 50% larger than it was before the pandemic.[aside tag=\"salesforce, layoffs\" label=\"More Related Stories\"]\u003c/p>\n\u003cp>Meta Platforms CEO Mark Zuckerberg also said he misread the revenue gains that the owner of Facebook and Instagram was reaping during the pandemic when he announced in November that his company would be \u003ca href=\"https://apnews.com/article/facebook-meta-layoffs-283a6e1c1a2e02a439d177a7acdf4296\">laying off 11,000 employees\u003c/a>, or 13% of its workforce. E-commerce giant Amazon and a wide range of other companies also have been jettisoning thousands of workers in recent months after expanding aggressively during the pandemic.\u003c/p>\n\u003cp>Like other major tech companies, Salesforce’s recent comedown from the heady days of the pandemic has taken a major toll on its stock. Before Wednesday’s announcement, shares had plunged more than 50% from their peak close of almost $310 in November 2021. The shares gained nearly 4% Wednesday.\u003c/p>\n\u003cp>“This is a smart poker move by Benioff to preserve margins in an uncertain backdrop as the company clearly overbuilt out its organization over the past few years along with the rest of the tech sector with a slowdown now on the horizon,” Wedbush analyst Dan Ives wrote.\u003c/p>\n\u003cp>Salesforce also said Wednesday that it will be closing some of its offices, but didn’t include locations. The company’s 61-story headquarters is a prominent feature of the San Francisco skyline and ostensibly a symbol of tech’s importance to the city since its completion in 2018.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Salesforce anticipates incurring $1.4 billion to $2.1 billion in costs to carry out its cutbacks. That includes $1 billion to $1.4 billion in charges tied to employee transition, severance payments, employee benefits and stock-based compensation. There will be $450 million to $650 million in charges for office closings. Approximately $800 million to $1 billion in charges are expected to occur in Salesforce’s fiscal fourth quarter ending Jan. 31.\u003c/p>\n\n","blocks":[],"excerpt":"Business software maker Salesforce is laying off about 8,000 employees, or 10% of its workforce, as major technology companies continue to prune payrolls that rapidly expanded during the pandemic lockdown.","status":"publish","parent":0,"modified":1672862383,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":14,"wordCount":604},"headData":{"title":"Salesforce to Lay Off 8,000 Workers in Latest Tech Purge | KQED","description":"Business software maker Salesforce is laying off about 8,000 employees, or 10% of its workforce, as major technology companies continue to prune payrolls that rapidly expanded during the pandemic lockdown.","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":""},"nprByline":"Michael Liedtke and Michelle Chapman\u003cbr>The Associated Press","excludeFromSiteSearch":"Include","showOnAuthorArchivePages":"No","articleAge":"0","path":"/news/11936759/salesforce-to-lay-off-8000-workers-in-latest-tech-purge","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>Business software maker Salesforce is laying off about 8,000 employees, or 10% of its workforce, as major technology companies continue to prune payrolls that rapidly expanded during pandemic lockdowns.\u003c/p>\n\u003cp>The cuts announced Wednesday are by far the largest in the 23-year history of the San Francisco company founded by former Oracle executive Marc Benioff. Benioff pioneered the method of leasing software services to internet-connected devices — a concept now known as “cloud computing.”\u003c/p>\n\u003cp>The layoffs are coming on the heels of a shake-up in Salesforce’s top ranks. Benioff’s handpicked co-CEO Bret Taylor, who also was Twitter’s chair at the time of its tortuous $44 billion sale to billionaire Elon Musk, left Salesforce. Then, Slack co-founder Stewart Butterfield left; \u003ca href=\"https://apnews.com/article/us-news-coronavirus-pandemic-marc-benioff-14fd88a9308e240570ae749f809defdf\">Salesforce bought Slack\u003c/a> two years ago for nearly $28 billion.\u003c/p>\n\u003cp>Salesforce workers who lose their jobs will receive nearly five months of pay, health insurance, career resources and other benefits, according to the company.\u003c/p>\n\u003cp>Benioff, now the sole chief executive at Salesforce, told employees in a letter that he blamed himself for the layoffs after continuing to hire aggressively into the pandemic, with millions of Americans working from home and demand for the company’s technology surging.\u003c/p>\n\u003cfigure id=\"attachment_11936764\" class=\"wp-caption alignnone\" style=\"max-width: 800px\">\u003cimg class=\"size-medium wp-image-11936764\" src=\"https://ww2.kqed.org/app/uploads/sites/10/2023/01/RS18480_457215846-qut-800x528.jpg\" alt=\"A man speaks in front of a purple background.\" width=\"800\" height=\"528\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2023/01/RS18480_457215846-qut-800x528.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2023/01/RS18480_457215846-qut-1020x673.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2023/01/RS18480_457215846-qut-160x106.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2023/01/RS18480_457215846-qut-1536x1014.jpg 1536w, https://ww2.kqed.org/app/uploads/sites/10/2023/01/RS18480_457215846-qut.jpg 1920w\" sizes=\"(max-width: 800px) 100vw, 800px\">\u003cfigcaption class=\"wp-caption-text\">Salesforce CEO Marc Benioff delivers a keynote address during the 2014 Dreamforce conference on Oct. 14, 2014, in San Francisco. \u003ccite>(Justin Sullivan/Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>“As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that,” Benioff wrote.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Salesforce employed about 49,000 people in January 2020 just before the pandemic struck. Salesforce’s workforce today is still 50% larger than it was before the pandemic.\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"aside","attributes":{"named":{"tag":"salesforce, layoffs","label":"More Related Stories "},"numeric":[]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Meta Platforms CEO Mark Zuckerberg also said he misread the revenue gains that the owner of Facebook and Instagram was reaping during the pandemic when he announced in November that his company would be \u003ca href=\"https://apnews.com/article/facebook-meta-layoffs-283a6e1c1a2e02a439d177a7acdf4296\">laying off 11,000 employees\u003c/a>, or 13% of its workforce. E-commerce giant Amazon and a wide range of other companies also have been jettisoning thousands of workers in recent months after expanding aggressively during the pandemic.\u003c/p>\n\u003cp>Like other major tech companies, Salesforce’s recent comedown from the heady days of the pandemic has taken a major toll on its stock. Before Wednesday’s announcement, shares had plunged more than 50% from their peak close of almost $310 in November 2021. The shares gained nearly 4% Wednesday.\u003c/p>\n\u003cp>“This is a smart poker move by Benioff to preserve margins in an uncertain backdrop as the company clearly overbuilt out its organization over the past few years along with the rest of the tech sector with a slowdown now on the horizon,” Wedbush analyst Dan Ives wrote.\u003c/p>\n\u003cp>Salesforce also said Wednesday that it will be closing some of its offices, but didn’t include locations. The company’s 61-story headquarters is a prominent feature of the San Francisco skyline and ostensibly a symbol of tech’s importance to the city since its completion in 2018.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Salesforce anticipates incurring $1.4 billion to $2.1 billion in costs to carry out its cutbacks. That includes $1 billion to $1.4 billion in charges tied to employee transition, severance payments, employee benefits and stock-based compensation. There will be $450 million to $650 million in charges for office closings. Approximately $800 million to $1 billion in charges are expected to occur in Salesforce’s fiscal fourth quarter ending Jan. 31.\u003c/p>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/11936759/salesforce-to-lay-off-8000-workers-in-latest-tech-purge","authors":["byline_news_11936759"],"categories":["news_1758","news_8"],"tags":["news_1760","news_352","news_17897","news_5150","news_17623"],"featImg":"news_11936763","label":"news"},"news_11932362":{"type":"posts","id":"news_11932362","meta":{"index":"posts_1591205157","site":"news","id":"11932362","score":null,"sort":[1668547254000]},"guestAuthors":[],"slug":"its-the-end-of-the-boom-times-in-tech-as-layoffs-keep-mounting","title":"It's the End of the Boom Times in Tech, as Layoffs Keep Mounting","publishDate":1668547254,"format":"standard","headTitle":"NPR | KQED News","labelTerm":{"term":253,"site":"news"},"content":"\u003cp>For more than two decades, the U.S. tech industry has been a reliable source of booming stocks and cushy, high-paid jobs. In the span of weeks, the sheen has faded and the ax has fallen.\u003c/p>\n\u003cp>More than 24,000 tech workers across 72 companies have been laid off this month, adding to a total of 120,000 tech jobs lost this year, \u003ca href=\"https://layoffs.fyi/\">according to layoffs.fyi\u003c/a>, which tracks job cuts in the tech industry. It's safe to say a reckoning is underway, even as each company is grappling with its own challenges. (See: \u003ca href=\"https://www.npr.org/2022/11/12/1136205315/musk-twitter-bankruptcy-how-likely\">Twitter\u003c/a>.)[aside label=\"Related Stories\" postID=\"news_11931311,forum_2010101891200,news_11931727\"]\u003c/p>\n\u003cp>Many of the companies making public statements have cited at least one of two primary causes:\u003c/p>\n\u003cp>First, they hired a lot of employees during the pandemic, when people were extremely online. Now, the internet boom has faded, offline life has picked up, and those new employees seem too expensive.\u003c/p>\n\u003cp>Second, broader economic wobbles have made brands more reluctant to spend on digital ads — a source of revenue for many tech companies. High interest rates have put an end to the cheap-money era of venture capital.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Here are some of the companies that have announced the biggest job cuts.\u003c/p>\n\u003ch2>Amazon: a reported 10,000 jobs\u003c/h2>\n\u003cp>The online retail and cloud computing behemoth plans to lay off some 10,000 employees in corporate and technology jobs,\u003ca href=\"https://www.nytimes.com/2022/11/14/technology/amazon-layoffs.html\"> \u003cem>The New York Times \u003c/em>was the first to report\u003c/a> on Monday. Amazon did not reply to an NPR request for confirmation of the report.\u003c/p>\n\u003cp>As of this fall, Amazon employed more than 1.5 million full- and part-time workers around the world, many in warehouses. The 10,000 expected layoffs would comprise about 3% of Amazon's corporate employees, according to the \u003cem>Times\u003c/em>, and a significantly smaller share of its overall workforce.\u003c/p>\n\u003cp>The cuts reportedly will focus on Amazon's devices division, including Alexa, the company's virtual assistant technology, as well as its retail and human resources divisions.\u003c/p>\n\u003cp>Earlier this month, the company \u003ca href=\"https://www.aboutamazon.com/news/workplace/a-note-about-hiring-from-beth-galetti\">announced a hiring freeze\u003c/a> on corporate jobs. \"We're facing an unusual macro-economic environment, and want to balance our hiring and investments with being thoughtful about this economy,\" wrote Beth Galetti, Amazon's senior vice president of people experience and technology.\u003c/p>\n\u003ch2>Meta: 11,000 jobs\u003c/h2>\n\u003cp>Facebook and Instagram's parent company, Meta, laid off 11,000 people last week — about 13% of its staff.\u003c/p>\n\u003cp>CEO Mark Zuckerberg attributed the cuts to overhiring during the pandemic. In a letter to staff\u003ca href=\"https://about.fb.com/news/2022/11/mark-zuckerberg-layoff-message-to-employees/\"> posted to the corporate website\u003c/a>, he cited a decline in e-commerce, the wider economic downturn, increased competition, and a decline in ad sales–the primary way the company makes money.\u003c/p>\n\u003cp>\"I got this wrong, and I take responsibility for that,\" he wrote.\u003c/p>\n\u003cfigure id=\"attachment_11932364\" class=\"wp-caption aligncenter\" style=\"max-width: 800px\">\u003ca href=\"https://ww2.kqed.org/app/uploads/sites/10/2022/11/ap21301632297030-daf49027eb5fc1b24525559960a695c71474bb4e-scaled.jpg\">\u003cimg class=\"size-medium wp-image-11932364\" src=\"https://ww2.kqed.org/app/uploads/sites/10/2022/11/ap21301632297030-daf49027eb5fc1b24525559960a695c71474bb4e-800x600.jpg\" alt=\"a man in a black turtleneck explains something on a screen\" width=\"800\" height=\"600\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2022/11/ap21301632297030-daf49027eb5fc1b24525559960a695c71474bb4e-800x600.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2022/11/ap21301632297030-daf49027eb5fc1b24525559960a695c71474bb4e-1020x765.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2022/11/ap21301632297030-daf49027eb5fc1b24525559960a695c71474bb4e-160x120.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2022/11/ap21301632297030-daf49027eb5fc1b24525559960a695c71474bb4e-1536x1152.jpg 1536w, https://ww2.kqed.org/app/uploads/sites/10/2022/11/ap21301632297030-daf49027eb5fc1b24525559960a695c71474bb4e-2048x1536.jpg 2048w, https://ww2.kqed.org/app/uploads/sites/10/2022/11/ap21301632297030-daf49027eb5fc1b24525559960a695c71474bb4e-1920x1440.jpg 1920w\" sizes=\"(max-width: 800px) 100vw, 800px\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Meta CEO Mark Zuckerberg made big investments in the \"metaverse,\" which he showed off during a virtual event last year. Last week, Zuckerberg announced the company was laying off 13% of its staff. \u003ccite>(Eric Risberg/AP)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>The layoffs come as the company has invested billions in the so-called metaverse, pitched as a virtual-reality future in which people will work, mingle, exercise and go to concerts. But it's an unproven bet on the future, and not all everyone is convinced it should be the social media company's focus.\u003c/p>\n\u003cp>Zuckerberg said the workforce cuts would affect the whole organization, with recruiting staff disproportionately affected due to fewer hires anticipated in the coming year. A hiring freeze through the first quarter of 2023 will continue.\u003c/p>\n\u003ch2>Twitter: about 3,700 jobs\u003c/h2>\n\u003cp>Billionaire Tesla and SpaceX CEO Elon Musk bought the social media platform at the end of October and wasted no time slashing its workforce. He \u003ca href=\"https://www.npr.org/2022/10/27/1132153277/elon-musk-takes-control-of-twitter-and-immediately-ousts-top-executives\">immediately ousted\u003c/a> the company's leadership, including its CEO, CFO, and top lawyer. \u003ca href=\"https://www.npr.org/2022/11/04/1134263184/twitter-layoffs-elon-musk\">Mass layoffs were announced\u003c/a> on November 4, with about 50% of the staff cut.\u003c/p>\n\u003cp>\"Regarding Twitter's reduction in force, unfortunately there is no choice when the company is losing over $4M/day,\"\u003ca href=\"https://twitter.com/elonmusk/status/1588671155766194176\"> Musk tweeted\u003c/a>.\u003c/p>\n\u003cp>Co-founder and former CEO Jack Dorsey \u003ca href=\"https://twitter.com/jack/status/1588913276980633600\">tweeted \u003c/a>that he accepted blame for hiring too many workers in recent years.\u003c/p>\n\u003cp>\"I own the responsibility for why everyone is in this situation: I grew the company size too quickly. I apologize for that,\" he wrote.\u003c/p>\n\u003cp>Musk's $44 billion purchase of Twitter — which he tried to get out of for several months — has saddled the company with $13 billion of new debt.\u003c/p>\n\u003cp>His short tenure at the top of Twitter has been marked by hasty changes quickly halted, including his plan for a revamped Twitter Blue verification service, which charged $8 a month to get a blue checkmark on one's account. Accounts impersonating celebrities, major corporations, and Musk himself proliferated immediately, spurring Twitter to halt Twitter Blue signups\u003ca href=\"https://www.businessinsider.com/timeline-elon-musks-chaotic-twitter-blue-verification-rollout-2022-11\"> twice within a week\u003c/a>.\u003c/p>\n\u003cp>Key executives who were not fired, including Twitter's head of content moderation and safety on the platform, and the company's chief privacy officer and compliance officer,\u003ca href=\"https://www.washingtonpost.com/technology/2022/11/10/twitter-security-resignations/\"> resigned last week\u003c/a>.\u003c/p>\n\u003ch2>Stripe: about 1,000 jobs\u003c/h2>\n\u003cp>Payment processing platform Stripe\u003ca href=\"https://stripe.com/newsroom/news/ceo-patrick-collisons-email-to-stripe-employees\"> announced on November 3\u003c/a> that it was cutting 14% of its workforce.\u003c/p>\n\u003cp>Stripe CEO Patrick Collison wrote in an email to employees that the pandemic pushed the world toward e-commerce, spurring the company's growth.\u003c/p>\n\u003cp>The CEO said he and his brother and co-founder John Collison had made \"two very consequential mistakes\": being too optimistic about the internet economy's near-term growth, and growing Stripe's operating costs too quickly.\u003c/p>\n\u003cp>\"We are facing stubborn inflation, energy shocks, higher interest rates, reduced investment budgets, and sparser startup funding. ... [M]any parts of the developed world appear to be headed for recession. We think that 2022 represents the beginning of a different economic climate,\" Collison wrote.\u003c/p>\n\u003ch2>Salesforce: hundreds of jobs\u003c/h2>\n\u003cp>Salesforce, which makes cloud-based business software, laid off some of its employees last week,\u003ca href=\"https://www.cnbc.com/2022/11/08/salesforce-cut-hundreds-of-employees-on-monday.html\"> CNBC reported\u003c/a>.\u003c/p>\n\u003cp>Salesforce said in a statement to NPR: \"Our sales performance process drives accountability. Unfortunately, that can lead to some leaving the business, and we support them through their transition.\"\u003c/p>\n\u003cp>A source familiar with the cuts said they affected hundreds of employees in the sales organization.\u003c/p>\n\u003ch2>Microsoft: fewer than 1,000 jobs\u003c/h2>\n\u003cp>The software company made cuts across its divisions last month, \u003ca href=\"https://www.axios.com/2022/10/18/microsoft-layoffs-latest-tech-firm-cuts\">Axios reported\u003c/a>. Fewer than 1,000 jobs were cut, a source told Axios.\u003c/p>\n\u003cp>A request for confirmation of the layoffs was not immediately returned.\u003c/p>\n\u003ch2>Zillow, Snap and Robinhood\u003c/h2>\n\u003cp>Zillow, the online real estate marketplace, laid off 300 of its employees late last month, TechCrunch \u003ca href=\"https://techcrunch.com/2022/10/26/zillow-layoff-300-employees/\">reported\u003c/a>. The company \u003ca href=\"https://www.npr.org/2021/11/03/1051941654/zillow-will-stop-buying-and-renovating-homes-and-cut-25-of-its-workforce\">laid off 25% of its workforce \u003c/a>a year ago as it shuttered its instant buying service.\u003c/p>\n\u003cp>Snap, the company behind Snapchat, said at the end of August that it was \u003ca href=\"https://newsroom.snap.com/en-US/restructuring-and-refocusing-our-business\">cutting its workforce by 20%\u003c/a>. The layoffs affected some 1,200 employees, with the company's full-time workforce about 6,400 as of June.\u003c/p>\n\u003cp>Robinhood, the brokerage app company, \u003ca href=\"https://blog.robinhood.com/news/2022/8/2/a-message-from-our-ceo-and-co-founder-vlad-tenev\">laid off 23% of its workforce\u003c/a> in August. That amounted to 780 employees, \u003ca href=\"https://www.bloomberg.com/news/articles/2022-08-02/robinhood-cuts-23-of-workforce-in-sweeping-reorganization?leadSource=uverify%20wall\">according to Bloomberg\u003c/a>. The company had already reduced its staff by 9% in April. \"This did not go far enough,\" wrote Robinhood CEO Vlad Tenev.\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n\u003cp>\u003cem>NPR's Alina Selyukh contributed to this story.\u003c/em>\u003c/p>\n\u003cdiv class=\"fullattribution\">Copyright 2022 NPR. To see more, visit https://www.npr.org.\u003cimg src=\"https://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=It%27s+the+end+of+the+boom+times+in+tech%2C+as+layoffs+keep+mounting&utme=8(APIKey)9(MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004)\">\u003c/div>\n\n","blocks":[],"excerpt":"Amazon will reportedly lay off 10,000 employees as soon as this week. That follows job cuts at Meta, Twitter, and Stripe, with CEOs citing economic uncertainty and a slowdown in online ad buying.","status":"publish","parent":0,"modified":1668547254,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":37,"wordCount":1207},"headData":{"title":"It's the End of the Boom Times in Tech, as Layoffs Keep Mounting | KQED","description":"Amazon will reportedly lay off 10,000 employees as soon as this week. That follows job cuts at Meta, Twitter, and Stripe, with CEOs citing economic uncertainty and a slowdown in online ad buying.","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":""},"disqusIdentifier":"11932362 https://ww2.kqed.org/news/?p=11932362","disqusUrl":"https://ww2.kqed.org/news/2022/11/15/its-the-end-of-the-boom-times-in-tech-as-layoffs-keep-mounting/","disqusTitle":"It's the End of the Boom Times in Tech, as Layoffs Keep Mounting","nprImageCredit":"Michel Spingler","nprByline":"Laurel Wamsley","nprImageAgency":"AP","nprStoryId":"1136659617","nprApiLink":"http://api.npr.org/query?id=1136659617&apiKey=MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004","nprHtmlLink":"https://www.npr.org/2022/11/14/1136659617/tech-layoffs-amazon-meta-twitter?ft=nprml&f=1136659617","nprRetrievedStory":"1","nprPubDate":"Mon, 14 Nov 2022 20:16:00 -0500","nprStoryDate":"Mon, 14 Nov 2022 18:24:54 -0500","nprLastModifiedDate":"Mon, 14 Nov 2022 20:16:40 -0500","excludeFromSiteSearch":"Include","showOnAuthorArchivePages":"No","path":"/news/11932362/its-the-end-of-the-boom-times-in-tech-as-layoffs-keep-mounting","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>For more than two decades, the U.S. tech industry has been a reliable source of booming stocks and cushy, high-paid jobs. In the span of weeks, the sheen has faded and the ax has fallen.\u003c/p>\n\u003cp>More than 24,000 tech workers across 72 companies have been laid off this month, adding to a total of 120,000 tech jobs lost this year, \u003ca href=\"https://layoffs.fyi/\">according to layoffs.fyi\u003c/a>, which tracks job cuts in the tech industry. It's safe to say a reckoning is underway, even as each company is grappling with its own challenges. (See: \u003ca href=\"https://www.npr.org/2022/11/12/1136205315/musk-twitter-bankruptcy-how-likely\">Twitter\u003c/a>.)\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"aside","attributes":{"named":{"label":"Related Stories ","postid":"news_11931311,forum_2010101891200,news_11931727"},"numeric":[]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Many of the companies making public statements have cited at least one of two primary causes:\u003c/p>\n\u003cp>First, they hired a lot of employees during the pandemic, when people were extremely online. Now, the internet boom has faded, offline life has picked up, and those new employees seem too expensive.\u003c/p>\n\u003cp>Second, broader economic wobbles have made brands more reluctant to spend on digital ads — a source of revenue for many tech companies. High interest rates have put an end to the cheap-money era of venture capital.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Here are some of the companies that have announced the biggest job cuts.\u003c/p>\n\u003ch2>Amazon: a reported 10,000 jobs\u003c/h2>\n\u003cp>The online retail and cloud computing behemoth plans to lay off some 10,000 employees in corporate and technology jobs,\u003ca href=\"https://www.nytimes.com/2022/11/14/technology/amazon-layoffs.html\"> \u003cem>The New York Times \u003c/em>was the first to report\u003c/a> on Monday. Amazon did not reply to an NPR request for confirmation of the report.\u003c/p>\n\u003cp>As of this fall, Amazon employed more than 1.5 million full- and part-time workers around the world, many in warehouses. The 10,000 expected layoffs would comprise about 3% of Amazon's corporate employees, according to the \u003cem>Times\u003c/em>, and a significantly smaller share of its overall workforce.\u003c/p>\n\u003cp>The cuts reportedly will focus on Amazon's devices division, including Alexa, the company's virtual assistant technology, as well as its retail and human resources divisions.\u003c/p>\n\u003cp>Earlier this month, the company \u003ca href=\"https://www.aboutamazon.com/news/workplace/a-note-about-hiring-from-beth-galetti\">announced a hiring freeze\u003c/a> on corporate jobs. \"We're facing an unusual macro-economic environment, and want to balance our hiring and investments with being thoughtful about this economy,\" wrote Beth Galetti, Amazon's senior vice president of people experience and technology.\u003c/p>\n\u003ch2>Meta: 11,000 jobs\u003c/h2>\n\u003cp>Facebook and Instagram's parent company, Meta, laid off 11,000 people last week — about 13% of its staff.\u003c/p>\n\u003cp>CEO Mark Zuckerberg attributed the cuts to overhiring during the pandemic. In a letter to staff\u003ca href=\"https://about.fb.com/news/2022/11/mark-zuckerberg-layoff-message-to-employees/\"> posted to the corporate website\u003c/a>, he cited a decline in e-commerce, the wider economic downturn, increased competition, and a decline in ad sales–the primary way the company makes money.\u003c/p>\n\u003cp>\"I got this wrong, and I take responsibility for that,\" he wrote.\u003c/p>\n\u003cfigure id=\"attachment_11932364\" class=\"wp-caption aligncenter\" style=\"max-width: 800px\">\u003ca href=\"https://ww2.kqed.org/app/uploads/sites/10/2022/11/ap21301632297030-daf49027eb5fc1b24525559960a695c71474bb4e-scaled.jpg\">\u003cimg class=\"size-medium wp-image-11932364\" src=\"https://ww2.kqed.org/app/uploads/sites/10/2022/11/ap21301632297030-daf49027eb5fc1b24525559960a695c71474bb4e-800x600.jpg\" alt=\"a man in a black turtleneck explains something on a screen\" width=\"800\" height=\"600\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2022/11/ap21301632297030-daf49027eb5fc1b24525559960a695c71474bb4e-800x600.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2022/11/ap21301632297030-daf49027eb5fc1b24525559960a695c71474bb4e-1020x765.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2022/11/ap21301632297030-daf49027eb5fc1b24525559960a695c71474bb4e-160x120.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2022/11/ap21301632297030-daf49027eb5fc1b24525559960a695c71474bb4e-1536x1152.jpg 1536w, https://ww2.kqed.org/app/uploads/sites/10/2022/11/ap21301632297030-daf49027eb5fc1b24525559960a695c71474bb4e-2048x1536.jpg 2048w, https://ww2.kqed.org/app/uploads/sites/10/2022/11/ap21301632297030-daf49027eb5fc1b24525559960a695c71474bb4e-1920x1440.jpg 1920w\" sizes=\"(max-width: 800px) 100vw, 800px\">\u003c/a>\u003cfigcaption class=\"wp-caption-text\">Meta CEO Mark Zuckerberg made big investments in the \"metaverse,\" which he showed off during a virtual event last year. Last week, Zuckerberg announced the company was laying off 13% of its staff. \u003ccite>(Eric Risberg/AP)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>The layoffs come as the company has invested billions in the so-called metaverse, pitched as a virtual-reality future in which people will work, mingle, exercise and go to concerts. But it's an unproven bet on the future, and not all everyone is convinced it should be the social media company's focus.\u003c/p>\n\u003cp>Zuckerberg said the workforce cuts would affect the whole organization, with recruiting staff disproportionately affected due to fewer hires anticipated in the coming year. A hiring freeze through the first quarter of 2023 will continue.\u003c/p>\n\u003ch2>Twitter: about 3,700 jobs\u003c/h2>\n\u003cp>Billionaire Tesla and SpaceX CEO Elon Musk bought the social media platform at the end of October and wasted no time slashing its workforce. He \u003ca href=\"https://www.npr.org/2022/10/27/1132153277/elon-musk-takes-control-of-twitter-and-immediately-ousts-top-executives\">immediately ousted\u003c/a> the company's leadership, including its CEO, CFO, and top lawyer. \u003ca href=\"https://www.npr.org/2022/11/04/1134263184/twitter-layoffs-elon-musk\">Mass layoffs were announced\u003c/a> on November 4, with about 50% of the staff cut.\u003c/p>\n\u003cp>\"Regarding Twitter's reduction in force, unfortunately there is no choice when the company is losing over $4M/day,\"\u003ca href=\"https://twitter.com/elonmusk/status/1588671155766194176\"> Musk tweeted\u003c/a>.\u003c/p>\n\u003cp>Co-founder and former CEO Jack Dorsey \u003ca href=\"https://twitter.com/jack/status/1588913276980633600\">tweeted \u003c/a>that he accepted blame for hiring too many workers in recent years.\u003c/p>\n\u003cp>\"I own the responsibility for why everyone is in this situation: I grew the company size too quickly. I apologize for that,\" he wrote.\u003c/p>\n\u003cp>Musk's $44 billion purchase of Twitter — which he tried to get out of for several months — has saddled the company with $13 billion of new debt.\u003c/p>\n\u003cp>His short tenure at the top of Twitter has been marked by hasty changes quickly halted, including his plan for a revamped Twitter Blue verification service, which charged $8 a month to get a blue checkmark on one's account. Accounts impersonating celebrities, major corporations, and Musk himself proliferated immediately, spurring Twitter to halt Twitter Blue signups\u003ca href=\"https://www.businessinsider.com/timeline-elon-musks-chaotic-twitter-blue-verification-rollout-2022-11\"> twice within a week\u003c/a>.\u003c/p>\n\u003cp>Key executives who were not fired, including Twitter's head of content moderation and safety on the platform, and the company's chief privacy officer and compliance officer,\u003ca href=\"https://www.washingtonpost.com/technology/2022/11/10/twitter-security-resignations/\"> resigned last week\u003c/a>.\u003c/p>\n\u003ch2>Stripe: about 1,000 jobs\u003c/h2>\n\u003cp>Payment processing platform Stripe\u003ca href=\"https://stripe.com/newsroom/news/ceo-patrick-collisons-email-to-stripe-employees\"> announced on November 3\u003c/a> that it was cutting 14% of its workforce.\u003c/p>\n\u003cp>Stripe CEO Patrick Collison wrote in an email to employees that the pandemic pushed the world toward e-commerce, spurring the company's growth.\u003c/p>\n\u003cp>The CEO said he and his brother and co-founder John Collison had made \"two very consequential mistakes\": being too optimistic about the internet economy's near-term growth, and growing Stripe's operating costs too quickly.\u003c/p>\n\u003cp>\"We are facing stubborn inflation, energy shocks, higher interest rates, reduced investment budgets, and sparser startup funding. ... [M]any parts of the developed world appear to be headed for recession. We think that 2022 represents the beginning of a different economic climate,\" Collison wrote.\u003c/p>\n\u003ch2>Salesforce: hundreds of jobs\u003c/h2>\n\u003cp>Salesforce, which makes cloud-based business software, laid off some of its employees last week,\u003ca href=\"https://www.cnbc.com/2022/11/08/salesforce-cut-hundreds-of-employees-on-monday.html\"> CNBC reported\u003c/a>.\u003c/p>\n\u003cp>Salesforce said in a statement to NPR: \"Our sales performance process drives accountability. Unfortunately, that can lead to some leaving the business, and we support them through their transition.\"\u003c/p>\n\u003cp>A source familiar with the cuts said they affected hundreds of employees in the sales organization.\u003c/p>\n\u003ch2>Microsoft: fewer than 1,000 jobs\u003c/h2>\n\u003cp>The software company made cuts across its divisions last month, \u003ca href=\"https://www.axios.com/2022/10/18/microsoft-layoffs-latest-tech-firm-cuts\">Axios reported\u003c/a>. Fewer than 1,000 jobs were cut, a source told Axios.\u003c/p>\n\u003cp>A request for confirmation of the layoffs was not immediately returned.\u003c/p>\n\u003ch2>Zillow, Snap and Robinhood\u003c/h2>\n\u003cp>Zillow, the online real estate marketplace, laid off 300 of its employees late last month, TechCrunch \u003ca href=\"https://techcrunch.com/2022/10/26/zillow-layoff-300-employees/\">reported\u003c/a>. The company \u003ca href=\"https://www.npr.org/2021/11/03/1051941654/zillow-will-stop-buying-and-renovating-homes-and-cut-25-of-its-workforce\">laid off 25% of its workforce \u003c/a>a year ago as it shuttered its instant buying service.\u003c/p>\n\u003cp>Snap, the company behind Snapchat, said at the end of August that it was \u003ca href=\"https://newsroom.snap.com/en-US/restructuring-and-refocusing-our-business\">cutting its workforce by 20%\u003c/a>. The layoffs affected some 1,200 employees, with the company's full-time workforce about 6,400 as of June.\u003c/p>\n\u003cp>Robinhood, the brokerage app company, \u003ca href=\"https://blog.robinhood.com/news/2022/8/2/a-message-from-our-ceo-and-co-founder-vlad-tenev\">laid off 23% of its workforce\u003c/a> in August. That amounted to 780 employees, \u003ca href=\"https://www.bloomberg.com/news/articles/2022-08-02/robinhood-cuts-23-of-workforce-in-sweeping-reorganization?leadSource=uverify%20wall\">according to Bloomberg\u003c/a>. The company had already reduced its staff by 9% in April. \"This did not go far enough,\" wrote Robinhood CEO Vlad Tenev.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"floatright"},"numeric":["floatright"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003cem>NPR's Alina Selyukh contributed to this story.\u003c/em>\u003c/p>\n\u003cdiv class=\"fullattribution\">Copyright 2022 NPR. To see more, visit https://www.npr.org.\u003cimg src=\"https://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=It%27s+the+end+of+the+boom+times+in+tech%2C+as+layoffs+keep+mounting&utme=8(APIKey)9(MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004)\">\u003c/div>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/11932362/its-the-end-of-the-boom-times-in-tech-as-layoffs-keep-mounting","authors":["byline_news_11932362"],"categories":["news_1758","news_8","news_248"],"tags":["news_1611","news_28321","news_3897","news_352","news_250","news_30214","news_5150","news_31999","news_346","news_32000"],"affiliates":["news_253"],"featImg":"news_11932363","label":"news_253"},"news_11849213":{"type":"posts","id":"news_11849213","meta":{"index":"posts_1591205157","site":"news","id":"11849213","score":null,"sort":[1606858800000]},"guestAuthors":[],"slug":"salesforce-to-buy-work-chat-service-slack-for-27-7-billion","title":"Salesforce to Buy Work Chat Service Slack for $27.7 Billion","publishDate":1606858800,"format":"standard","headTitle":"KQED News","labelTerm":{"site":"news"},"content":"\u003cp>Business software pioneer Salesforce.com is buying work-chatting service Slack for $27.7 billion in a deal aimed at giving the two companies a better shot at competing against longtime industry powerhouse Microsoft.\u003c/p>\n\u003cp>The acquisition announced Tuesday is by far the largest in the 21-year history of Salesforce. The San Francisco company was one of the first to begin selling software as a subscription service that could be used on any internet-connected device instead of the more cumbersome process of installing the programs on individual computers.\u003c/p>\n\u003cp>[pullquote size='medium' align='right' citation='Kate Leggett, an analyst at Forrester Research']'This is a stellar exit strategy for Slack ... Microsoft Teams is eating Slack's lunch.'[/pullquote]\u003c/p>\n\u003cp>Salesforce's flamboyant founder and CEO Marc Benioff hailed the \"cloud computing\" concept as the wave of the future to much derision, initially.\u003c/p>\n\u003cp>But software as a service has become an industry standard that has turned into a gold mine for longtime software makers. Microsoft for one has developed its own thriving online suite of services, known as Office 365, which includes a Teams chatting service that includes many of the same features as Slack's 6-year-old application.\u003c/p>\n\u003cp>In July, Slack filed a complaint in the European Union accusing Microsoft of illegally bundling Teams into Office 365 in a way that blocks its removal by customers who may prefer Slack.\u003c/p>\n\u003cp>Microsoft also has been posing a threat to Salesforce's main products, a line-up of tools that help other companies manage their customer relationships.\u003c/p>\n\u003cp>\"For Benioff, this is all about Microsoft,\" said Wedbush Securities analyst Dan Ives. \"It's just clear Microsoft is moving further and further away from Salesforce when it comes to the cloud wars.\" [ad fullwidth]\u003c/p>\n\u003cp>Salesforce has been building on its success in recent years to diversify into other fields, largely through a series of acquisitions that included its previous largest deal, a $15.7 billion purchase of data analytics specialist Tableau Software last year.\u003c/p>\n\u003cp>Salesforce was also among the companies bidding to buy LinkedIn in 2016 before Microsoft snapped up the professional networking service for more than $26 billion in 2016.\u003c/p>\n\u003cp>Many of the deals have been financed with Salesforce's stock, which is worth nearly seven times more than it was a decade ago.\u003c/p>\n\u003cp>Slack, on the other hand, hasn't proven as popular with investors, even though its service that publicly launched in 2014 is being increasingly used by companies and government agencies looking for more nimble alternatives than email. Before news reports of a potential deal with Salesforce surfaced last week, Slack's stock was still hovering around its initial listing price of $26 when the company went public nearly 18 months ago.\u003c/p>\n\u003cp>[pullquote size='medium' align='right' citation='Wedbush Securities analyst Dan Ives']'I think the pandemic's played a massive role ... The Zooms, the Slacks, the Microsoft Teams, that's going to be a new part of the workforce.'[/pullquote]\u003c/p>\n\u003cp>\"This is a stellar exit strategy for Slack,\" said Kate Leggett, an analyst at Forrester Research. \"Microsoft Teams is eating Slack's lunch.\"\u003c/p>\n\u003cp>But Leggett said it's also \"really good for Salesforce\" to add a popular collaboration tool to its own software suite, which is focused on managing customer relationships for businesses and government agencies. She said the need for customer-relations agents and other Salesforce users to swarm around a topic and collaborate remotely has only grown with the coronavirus pandemic that has sent so many office workers home and got many hooked on new online tools.\u003c/p>\n\u003cp>\"I think the pandemic's played a massive role\" in paving the way for the deal, Ives said. \"The Zooms, the Slacks, the Microsoft Teams, that's going to be a new part of the workforce.\"\u003c/p>\n\u003cp>Ives said Benioff was also running out of time to catch up to Microsoft, which remains a secondary player in Salesforce's core customer-relations-management business, known as CRM, but way ahead in providing a broader array of cloud-based services.\u003c/p>\n\u003cp>Slack and Salesforce are headquartered about a block away from each other in San Francisco. Slack's office is in the shadow of the 62-story Salesforce Tower, the city's tallest building.\u003c/p>\n\u003cp>\u003c/p>\n","blocks":[],"excerpt":"The acquisition announced Tuesday is by far the largest in the 21-year history of Salesforce.","status":"publish","parent":0,"modified":1606862710,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":19,"wordCount":701},"headData":{"title":"Salesforce to Buy Work Chat Service Slack for $27.7 Billion | KQED","description":"The acquisition announced Tuesday is by far the largest in the 21-year history of Salesforce.","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":""},"disqusIdentifier":"11849213 https://ww2.kqed.org/news/?p=11849213","disqusUrl":"https://ww2.kqed.org/news/2020/12/01/salesforce-to-buy-work-chat-service-slack-for-27-7-billion/","disqusTitle":"Salesforce to Buy Work Chat Service Slack for $27.7 Billion","nprByline":"Michael Liedtke and Matt O'Brien \u003cbr /> Associated Press","path":"/news/11849213/salesforce-to-buy-work-chat-service-slack-for-27-7-billion","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>Business software pioneer Salesforce.com is buying work-chatting service Slack for $27.7 billion in a deal aimed at giving the two companies a better shot at competing against longtime industry powerhouse Microsoft.\u003c/p>\n\u003cp>The acquisition announced Tuesday is by far the largest in the 21-year history of Salesforce. The San Francisco company was one of the first to begin selling software as a subscription service that could be used on any internet-connected device instead of the more cumbersome process of installing the programs on individual computers.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"'This is a stellar exit strategy for Slack ... Microsoft Teams is eating Slack's lunch.'","name":"pullquote","attributes":{"named":{"size":"medium","align":"right","citation":"Kate Leggett, an analyst at Forrester Research","label":""},"numeric":[]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Salesforce's flamboyant founder and CEO Marc Benioff hailed the \"cloud computing\" concept as the wave of the future to much derision, initially.\u003c/p>\n\u003cp>But software as a service has become an industry standard that has turned into a gold mine for longtime software makers. Microsoft for one has developed its own thriving online suite of services, known as Office 365, which includes a Teams chatting service that includes many of the same features as Slack's 6-year-old application.\u003c/p>\n\u003cp>In July, Slack filed a complaint in the European Union accusing Microsoft of illegally bundling Teams into Office 365 in a way that blocks its removal by customers who may prefer Slack.\u003c/p>\n\u003cp>Microsoft also has been posing a threat to Salesforce's main products, a line-up of tools that help other companies manage their customer relationships.\u003c/p>\n\u003cp>\"For Benioff, this is all about Microsoft,\" said Wedbush Securities analyst Dan Ives. \"It's just clear Microsoft is moving further and further away from Salesforce when it comes to the cloud wars.\" \u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Salesforce has been building on its success in recent years to diversify into other fields, largely through a series of acquisitions that included its previous largest deal, a $15.7 billion purchase of data analytics specialist Tableau Software last year.\u003c/p>\n\u003cp>Salesforce was also among the companies bidding to buy LinkedIn in 2016 before Microsoft snapped up the professional networking service for more than $26 billion in 2016.\u003c/p>\n\u003cp>Many of the deals have been financed with Salesforce's stock, which is worth nearly seven times more than it was a decade ago.\u003c/p>\n\u003cp>Slack, on the other hand, hasn't proven as popular with investors, even though its service that publicly launched in 2014 is being increasingly used by companies and government agencies looking for more nimble alternatives than email. Before news reports of a potential deal with Salesforce surfaced last week, Slack's stock was still hovering around its initial listing price of $26 when the company went public nearly 18 months ago.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"'I think the pandemic's played a massive role ... The Zooms, the Slacks, the Microsoft Teams, that's going to be a new part of the workforce.'","name":"pullquote","attributes":{"named":{"size":"medium","align":"right","citation":"Wedbush Securities analyst Dan Ives","label":""},"numeric":[]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\"This is a stellar exit strategy for Slack,\" said Kate Leggett, an analyst at Forrester Research. \"Microsoft Teams is eating Slack's lunch.\"\u003c/p>\n\u003cp>But Leggett said it's also \"really good for Salesforce\" to add a popular collaboration tool to its own software suite, which is focused on managing customer relationships for businesses and government agencies. She said the need for customer-relations agents and other Salesforce users to swarm around a topic and collaborate remotely has only grown with the coronavirus pandemic that has sent so many office workers home and got many hooked on new online tools.\u003c/p>\n\u003cp>\"I think the pandemic's played a massive role\" in paving the way for the deal, Ives said. \"The Zooms, the Slacks, the Microsoft Teams, that's going to be a new part of the workforce.\"\u003c/p>\n\u003cp>Ives said Benioff was also running out of time to catch up to Microsoft, which remains a secondary player in Salesforce's core customer-relations-management business, known as CRM, but way ahead in providing a broader array of cloud-based services.\u003c/p>\n\u003cp>Slack and Salesforce are headquartered about a block away from each other in San Francisco. Slack's office is in the shadow of the 62-story Salesforce Tower, the city's tallest building.\u003c/p>\n\u003cp>\u003c/p>\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/11849213/salesforce-to-buy-work-chat-service-slack-for-27-7-billion","authors":["byline_news_11849213"],"categories":["news_8","news_248"],"tags":["news_28869","news_3952","news_5150","news_28868","news_17623"],"featImg":"news_11849216","label":"news"},"news_11744229":{"type":"posts","id":"news_11744229","meta":{"index":"posts_1591205157","site":"news","id":"11744229","score":null,"sort":[1556738865000]},"guestAuthors":[],"slug":"salesforce-ceo-marc-benioff-gives-30-million-to-ucsf-to-study-homelessness","title":"Salesforce CEO Marc Benioff Gives $30 Million to UCSF to Study Homelessness","publishDate":1556738865,"format":"standard","headTitle":"KQED News","labelTerm":{"site":"news"},"content":"\u003cp>A San Francisco billionaire is donating $30 million to the University of California, San Francisco, to research root causes of homelessness and potential solutions.\u003c/p>\n\u003cp>Salesforce CEO Marc Benioff, a San Francisco native, has embraced homelessness as a philanthropic cause, pumping millions into a 2018 city measure to tax wealthy companies to pay for homeless services.\u003c/p>\n\u003cp>[pullquote size='small' align='right' citation='Marc Benioff']'The world needs a North Star for truth on homelessness.'[/pullquote]\u003c/p>\n\u003cp>The five-year initiative funded by Benioff and his wife, Lynne, will conduct academic research, provide testimony and fact sheets, and train people who have been homeless as expert speakers. The UCSF Benioff Homelessness and Housing Initiative will be part of the UCSF Center for Vulnerable Populations, led by Dr. Margot Kushel.\u003c/p>\n\u003cp>The $30 million contribution is the largest-ever private donation to fund homelessness research, Salesforce said.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>[aside tag='homelessness' label='More Coverage of Homelessness in the Bay Area']\u003c/p>\n\u003cp>\"The world needs a North Star for truth on homelessness,\" Benioff said in a statement. The initiative \"will be that North Star, providing the latest research, data and evidence-based solutions to ensure we're investing in programs that will help solve the homelessness crisis.\"\u003c/p>\n\u003cp>Some San Francisco residents are frustrated with technology companies like Salesforce, a cloud-based software business, saying they contribute to inequality with high-paying jobs that drive up housing prices.\u003c/p>\n\u003cp>More than 4,000 people sleep on the streets every night in the city, where the median price of a two-bedroom home is $1.3 million. A family of four earning $117,400 a year is considered low income in San Francisco.\u003c/p>\n\u003cp>Benioff approached the university because he wants officials spending tax money to make decisions with the best data available, Kushel said. The plan is for researchers to analyze the data and provide neutral, trusted analysis.\u003c/p>\n\u003cp>[pullquote size='small' align='right' citation='Dr. Margot Kushel of UCSF']'The problem is so big that we don't think it's going to be solved by tweaking programs.'[/pullquote]\u003c/p>\n\u003cp>\"The problem is so big that we don't think it's going to be solved by tweaking programs. We actually think that we need a re-direction of our policies,\" Kushel said. \"This will give us the money to really plan and be sure that what we're doing is the right thing.\"\u003c/p>\n\u003cp>The initiative will have the ability to help a city, for example, decide whether and how to implement an alcohol management program, study the results of it and then broadly share the information.\u003c/p>\n\u003cp>\"We want to be a rapid response team to really help the public,\" Kushel said. \"This is democratizing data. This is meant to get the data out there.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>KQED's Laura Klivans contributed to this report.\u003c/em>\u003c/p>\n\n","blocks":[],"excerpt":"Salesforce CEO Marc Benioff, a San Francisco native, has embraced homelessness as a philanthropic cause, pumping millions into a 2018 city measure to tax wealthy companies to pay for homeless services.","status":"publish","parent":0,"modified":1556752704,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":17,"wordCount":464},"headData":{"title":"Salesforce CEO Marc Benioff Gives $30 Million to UCSF to Study Homelessness | KQED","description":"Salesforce CEO Marc Benioff, a San Francisco native, has embraced homelessness as a philanthropic cause, pumping millions into a 2018 city measure to tax wealthy companies to pay for homeless services.","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":""},"disqusIdentifier":"11744229 https://ww2.kqed.org/news/?p=11744229","disqusUrl":"https://ww2.kqed.org/news/2019/05/01/salesforce-ceo-marc-benioff-gives-30-million-to-ucsf-to-study-homelessness/","disqusTitle":"Salesforce CEO Marc Benioff Gives $30 Million to UCSF to Study Homelessness","audioUrl":"https://www.kqed.org/.stream/anon/radio/RDnews/2019/05/KlivansBenioffDonation.mp3","nprByline":"\u003cstrong>Associated Press\u003c/strong>","audioTrackLength":58,"path":"/news/11744229/salesforce-ceo-marc-benioff-gives-30-million-to-ucsf-to-study-homelessness","audioDuration":58000,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>A San Francisco billionaire is donating $30 million to the University of California, San Francisco, to research root causes of homelessness and potential solutions.\u003c/p>\n\u003cp>Salesforce CEO Marc Benioff, a San Francisco native, has embraced homelessness as a philanthropic cause, pumping millions into a 2018 city measure to tax wealthy companies to pay for homeless services.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"'The world needs a North Star for truth on homelessness.'","name":"pullquote","attributes":{"named":{"size":"small","align":"right","citation":"Marc Benioff","label":""},"numeric":[]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>The five-year initiative funded by Benioff and his wife, Lynne, will conduct academic research, provide testimony and fact sheets, and train people who have been homeless as expert speakers. The UCSF Benioff Homelessness and Housing Initiative will be part of the UCSF Center for Vulnerable Populations, led by Dr. Margot Kushel.\u003c/p>\n\u003cp>The $30 million contribution is the largest-ever private donation to fund homelessness research, Salesforce said.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"aside","attributes":{"named":{"tag":"homelessness","label":"More Coverage of Homelessness in the Bay Area "},"numeric":[]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\"The world needs a North Star for truth on homelessness,\" Benioff said in a statement. The initiative \"will be that North Star, providing the latest research, data and evidence-based solutions to ensure we're investing in programs that will help solve the homelessness crisis.\"\u003c/p>\n\u003cp>Some San Francisco residents are frustrated with technology companies like Salesforce, a cloud-based software business, saying they contribute to inequality with high-paying jobs that drive up housing prices.\u003c/p>\n\u003cp>More than 4,000 people sleep on the streets every night in the city, where the median price of a two-bedroom home is $1.3 million. A family of four earning $117,400 a year is considered low income in San Francisco.\u003c/p>\n\u003cp>Benioff approached the university because he wants officials spending tax money to make decisions with the best data available, Kushel said. The plan is for researchers to analyze the data and provide neutral, trusted analysis.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"'The problem is so big that we don't think it's going to be solved by tweaking programs.'","name":"pullquote","attributes":{"named":{"size":"small","align":"right","citation":"Dr. Margot Kushel of UCSF","label":""},"numeric":[]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\"The problem is so big that we don't think it's going to be solved by tweaking programs. We actually think that we need a re-direction of our policies,\" Kushel said. \"This will give us the money to really plan and be sure that what we're doing is the right thing.\"\u003c/p>\n\u003cp>The initiative will have the ability to help a city, for example, decide whether and how to implement an alcohol management program, study the results of it and then broadly share the information.\u003c/p>\n\u003cp>\"We want to be a rapid response team to really help the public,\" Kushel said. \"This is democratizing data. This is meant to get the data out there.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>KQED's Laura Klivans contributed to this report.\u003c/em>\u003c/p>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/11744229/salesforce-ceo-marc-benioff-gives-30-million-to-ucsf-to-study-homelessness","authors":["byline_news_11744229"],"categories":["news_457","news_6266","news_8","news_13"],"tags":["news_20305","news_4020","news_17897","news_5150","news_922"],"featImg":"news_10467228","label":"news"},"news_11694695":{"type":"posts","id":"news_11694695","meta":{"index":"posts_1591205157","site":"news","id":"11694695","score":null,"sort":[1537929438000]},"guestAuthors":[],"slug":"crack-in-support-beam-shuts-down-s-f-s-brand-new-2-billion-transit-terminal","title":"Crack in Support Beam Shuts Down S.F.'s Brand-New $2 Billion Transit Terminal","publishDate":1537929438,"format":"audio","headTitle":"KQED News","labelTerm":{"site":"news"},"content":"\u003cp>\u003cem>Updated 10:45 a.m. Wednesday\u003c/em>\u003c/p>\n\u003cp>The Salesforce Transit Center is still closed as of Wednesday morning, and Fremont Street between Howard and Mission streets remains closed.\u003c/p>\n\u003cp>\"We're encouraging people not to drive in the downtown area,\" Muni spokesman Paul Rose said Wednesday. \"We anticipate because of the Fremont closure and the Howard closure that traffic will be very bad in that area.\"\u003c/p>\n\u003cp>Muni and AC Transit are sending their transbay buses to the temporary Transbay Terminal at Howard and Beale streets. That includes 27 AC Transit Lines, four Muni bus lines, and four Golden Gate Transit bus lines.\u003c/p>\n\u003cp>Meanwhile, Transbay Joint Powers Authority officials say they are inspecting all steel beams throughout the center. They say the crack in the beam appears to be localized, and they closed the center out of an \"abundance of caution.\"\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003cstrong>Original Post:\u003c/strong> San Francisco officials are temporarily closing the city's brand new $2.2 billion Salesforce Transit Center after crews discovered an issue with one of the steel beams in the ceiling.\u003c/p>\n\u003cp>In a statement, the Transbay Joint Powers Authority said the agency is working with experts to investigate and repair the issue. They are also inspecting other beams throughout the center.\u003c/p>\n\u003cp>Officials say the transit center will remain closed until Wednesday morning, at least.\u003c/p>\n\u003cp>All transit operators will provide bus service out of the nearby temporary Transbay Terminal at Howard and Main streets until inspections are complete.\u003c/p>\n\u003cp>Transbay Joint Powers Authority Executive Director Mark Zabaneh said workers discovered the crack around 10:00 a.m. while replacing roofing tiles. He said engineers spent the day inspecting the damage and decided to shut the station down around 5 p.m., just as the afternoon rush hour started.\u003c/p>\n\u003cp>\"The beam is cracked,\" Zabaneh said. \"The behavior of the beam is unpredictable.\"\u003c/p>\n\u003cp>Zabaneh said the crack was found near a weld on a stress-bearing horizontal beam. He said he did not know how long the crack was, but he told reporters that American steel was used in the center's construction.\u003c/p>\n\u003cp>Zabaneh said the cause and the extent of the damage were unknown and the decision to close the terminal was made out of an \"abundance of caution.\"\u003c/p>\n\u003cp>\"It's very disappointing that we have this,\" Zabaneh said. \"It's very disappointing for us, for building ... being responsible for building the transit center. And very disappointing we have to inconvenience the public. But it is a safety issue and we take it seriously and can't take any chances.\"\u003c/p>\n\u003cfigure id=\"attachment_11694712\" class=\"wp-caption aligncenter\" style=\"max-width: 800px\">\u003cimg class=\"size-medium wp-image-11694712\" src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2018/09/TransitCenterPresser-800x623.jpg\" alt=\"Tom Hui (L), director of San Francisco's Department of Building Inspection, Mark Zabaneh, executive director of the Transbay Joint Powers Authority, and Ron Alameida, director of project management for the city and county of San Francisco talk to reporters on Tuesday evening.\" width=\"800\" height=\"623\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2018/09/TransitCenterPresser-800x623.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/TransitCenterPresser-160x125.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/TransitCenterPresser-1020x795.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/TransitCenterPresser-1200x935.jpg 1200w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/TransitCenterPresser-1180x919.jpg 1180w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/TransitCenterPresser-960x748.jpg 960w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/TransitCenterPresser-240x187.jpg 240w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/TransitCenterPresser-375x292.jpg 375w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/TransitCenterPresser-520x405.jpg 520w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/TransitCenterPresser.jpg 1431w\" sizes=\"(max-width: 800px) 100vw, 800px\">\u003cfigcaption class=\"wp-caption-text\">Tom Hui (L), director of San Francisco's Department of Building Inspection, Mark Zabaneh, executive director of the Transbay Joint Powers Authority, and Ron Alameida, director of project management for the city and county of San Francisco talk to reporters on Tuesday evening. \u003ccite>(Monica Samayoa/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Coined the \"Grand Central of the West,\" the Salesforce Transit Center \u003ca href=\"https://www.kqed.org/news/11685506/10-things-to-know-about-san-franciscos-spectacular-new-transit-center\" target=\"_blank\" rel=\"noopener\">opened in August\u003c/a> after nearly a decade of construction. It was expected to accommodate 100,000 passengers each weekday, and up to 45 million people a year.\u003c/p>\n\u003cp>Buses were rerouted to a temporary transit center two blocks away that was used during the center's construction. A downtown street that runs under the beam was also ordered closed indefinitely, causing traffic chaos at the same time some streets were closed for a conference sponsored by Salesforce that was expected to draw 170,000 attendees.\u003c/p>\n\u003cp>https://twitter.com/m0nica10/status/1044745114889838592\u003c/p>\n\u003cp>Enveloped in wavy white sheets of metal veil, the five-level center includes a bus deck, a towering sky-lit central entrance hall and a rooftop park with an outdoor amphitheater.\u003c/p>\n\u003cp>The project, a commanding presence in the city's South of Market neighborhood, is financed by land sales, federal stimulus grants, district fees and taxes, bridge tolls, and federal and state funds.\u003c/p>\n\u003cp>The transit center sits adjacent to another dubious landmark, the so-called sinking condominium, \u003ca href=\"https://www.kqed.org/forum/2010101867291/millennium-towers-cracked-window-raises-more-questions-about-the-buildings-structural-integrity\" target=\"_blank\" rel=\"noopener\">Millennium Tower\u003c/a>, which has settled about 18 inches since it opened over a former landfill in 2009. Homeowners have filed multiple lawsuits against the developer and the city, some alleging that construction of the transit center caused the Millennium Tower's sinking.\u003c/p>\n\u003cp>Zabaneh said he did not believe that the cracked beam was related to ongoing problems at Millennium Tower.\u003c/p>\n\u003cp>The online business software company Salesforce, which opened its adjacent 61-story Salesforce Tower three months ago, bought naming rights to the center in 2017 as part of a 25-year, $110 million sponsorship agreement.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>This post includes reporting from Associated Press reporter Paul Elias.\u003c/em>\u003c/p>\n\n","blocks":[],"excerpt":"Workers discovered the crack in the Salesforce Transit Center Tuesday morning while replacing roofing tiles. Officials decided to shut the station down around 5 p.m., just as rush hour started.","status":"publish","parent":0,"modified":1560286773,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":24,"wordCount":748},"headData":{"title":"Crack in Support Beam Shuts Down S.F.'s Brand-New $2 Billion Transit Terminal | KQED","description":"Workers discovered the crack in the Salesforce Transit Center Tuesday morning while replacing roofing tiles. Officials decided to shut the station down around 5 p.m., just as rush hour started.","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":""},"disqusIdentifier":"11694695 https://ww2.kqed.org/news/?p=11694695","disqusUrl":"https://ww2.kqed.org/news/2018/09/25/crack-in-support-beam-shuts-down-s-f-s-brand-new-2-billion-transit-terminal/","disqusTitle":"Crack in Support Beam Shuts Down S.F.'s Brand-New $2 Billion Transit Terminal","audioTrackLength":51,"path":"/news/11694695/crack-in-support-beam-shuts-down-s-f-s-brand-new-2-billion-transit-terminal","parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cem>Updated 10:45 a.m. Wednesday\u003c/em>\u003c/p>\n\u003cp>The Salesforce Transit Center is still closed as of Wednesday morning, and Fremont Street between Howard and Mission streets remains closed.\u003c/p>\n\u003cp>\"We're encouraging people not to drive in the downtown area,\" Muni spokesman Paul Rose said Wednesday. \"We anticipate because of the Fremont closure and the Howard closure that traffic will be very bad in that area.\"\u003c/p>\n\u003cp>Muni and AC Transit are sending their transbay buses to the temporary Transbay Terminal at Howard and Beale streets. That includes 27 AC Transit Lines, four Muni bus lines, and four Golden Gate Transit bus lines.\u003c/p>\n\u003cp>Meanwhile, Transbay Joint Powers Authority officials say they are inspecting all steel beams throughout the center. They say the crack in the beam appears to be localized, and they closed the center out of an \"abundance of caution.\"\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003cstrong>Original Post:\u003c/strong> San Francisco officials are temporarily closing the city's brand new $2.2 billion Salesforce Transit Center after crews discovered an issue with one of the steel beams in the ceiling.\u003c/p>\n\u003cp>In a statement, the Transbay Joint Powers Authority said the agency is working with experts to investigate and repair the issue. They are also inspecting other beams throughout the center.\u003c/p>\n\u003cp>Officials say the transit center will remain closed until Wednesday morning, at least.\u003c/p>\n\u003cp>All transit operators will provide bus service out of the nearby temporary Transbay Terminal at Howard and Main streets until inspections are complete.\u003c/p>\n\u003cp>Transbay Joint Powers Authority Executive Director Mark Zabaneh said workers discovered the crack around 10:00 a.m. while replacing roofing tiles. He said engineers spent the day inspecting the damage and decided to shut the station down around 5 p.m., just as the afternoon rush hour started.\u003c/p>\n\u003cp>\"The beam is cracked,\" Zabaneh said. \"The behavior of the beam is unpredictable.\"\u003c/p>\n\u003cp>Zabaneh said the crack was found near a weld on a stress-bearing horizontal beam. He said he did not know how long the crack was, but he told reporters that American steel was used in the center's construction.\u003c/p>\n\u003cp>Zabaneh said the cause and the extent of the damage were unknown and the decision to close the terminal was made out of an \"abundance of caution.\"\u003c/p>\n\u003cp>\"It's very disappointing that we have this,\" Zabaneh said. \"It's very disappointing for us, for building ... being responsible for building the transit center. And very disappointing we have to inconvenience the public. But it is a safety issue and we take it seriously and can't take any chances.\"\u003c/p>\n\u003cfigure id=\"attachment_11694712\" class=\"wp-caption aligncenter\" style=\"max-width: 800px\">\u003cimg class=\"size-medium wp-image-11694712\" src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2018/09/TransitCenterPresser-800x623.jpg\" alt=\"Tom Hui (L), director of San Francisco's Department of Building Inspection, Mark Zabaneh, executive director of the Transbay Joint Powers Authority, and Ron Alameida, director of project management for the city and county of San Francisco talk to reporters on Tuesday evening.\" width=\"800\" height=\"623\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2018/09/TransitCenterPresser-800x623.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/TransitCenterPresser-160x125.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/TransitCenterPresser-1020x795.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/TransitCenterPresser-1200x935.jpg 1200w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/TransitCenterPresser-1180x919.jpg 1180w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/TransitCenterPresser-960x748.jpg 960w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/TransitCenterPresser-240x187.jpg 240w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/TransitCenterPresser-375x292.jpg 375w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/TransitCenterPresser-520x405.jpg 520w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/TransitCenterPresser.jpg 1431w\" sizes=\"(max-width: 800px) 100vw, 800px\">\u003cfigcaption class=\"wp-caption-text\">Tom Hui (L), director of San Francisco's Department of Building Inspection, Mark Zabaneh, executive director of the Transbay Joint Powers Authority, and Ron Alameida, director of project management for the city and county of San Francisco talk to reporters on Tuesday evening. \u003ccite>(Monica Samayoa/KQED)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Coined the \"Grand Central of the West,\" the Salesforce Transit Center \u003ca href=\"https://www.kqed.org/news/11685506/10-things-to-know-about-san-franciscos-spectacular-new-transit-center\" target=\"_blank\" rel=\"noopener\">opened in August\u003c/a> after nearly a decade of construction. It was expected to accommodate 100,000 passengers each weekday, and up to 45 million people a year.\u003c/p>\n\u003cp>Buses were rerouted to a temporary transit center two blocks away that was used during the center's construction. A downtown street that runs under the beam was also ordered closed indefinitely, causing traffic chaos at the same time some streets were closed for a conference sponsored by Salesforce that was expected to draw 170,000 attendees.\u003c/p>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"singleTwitterStatus","attributes":{"named":{"id":"1044745114889838592"},"numeric":[]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>Enveloped in wavy white sheets of metal veil, the five-level center includes a bus deck, a towering sky-lit central entrance hall and a rooftop park with an outdoor amphitheater.\u003c/p>\n\u003cp>The project, a commanding presence in the city's South of Market neighborhood, is financed by land sales, federal stimulus grants, district fees and taxes, bridge tolls, and federal and state funds.\u003c/p>\n\u003cp>The transit center sits adjacent to another dubious landmark, the so-called sinking condominium, \u003ca href=\"https://www.kqed.org/forum/2010101867291/millennium-towers-cracked-window-raises-more-questions-about-the-buildings-structural-integrity\" target=\"_blank\" rel=\"noopener\">Millennium Tower\u003c/a>, which has settled about 18 inches since it opened over a former landfill in 2009. Homeowners have filed multiple lawsuits against the developer and the city, some alleging that construction of the transit center caused the Millennium Tower's sinking.\u003c/p>\n\u003cp>Zabaneh said he did not believe that the cracked beam was related to ongoing problems at Millennium Tower.\u003c/p>\n\u003cp>The online business software company Salesforce, which opened its adjacent 61-story Salesforce Tower three months ago, bought naming rights to the center in 2017 as part of a 25-year, $110 million sponsorship agreement.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cem>This post includes reporting from Associated Press reporter Paul Elias.\u003c/em>\u003c/p>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/11694695/crack-in-support-beam-shuts-down-s-f-s-brand-new-2-billion-transit-terminal","authors":["182","104"],"categories":["news_8","news_1397"],"tags":["news_19542","news_5150","news_23905","news_362"],"featImg":"news_11694703","label":"news"},"news_11692894":{"type":"posts","id":"news_11692894","meta":{"index":"posts_1591205157","site":"news","id":"11692894","score":null,"sort":[1537150732000]},"guestAuthors":[],"slug":"benioffs-to-buy-time-magazine-for-190-million","title":"Benioffs to Buy Time Magazine for $190 Million","publishDate":1537150732,"format":"standard","headTitle":"KQED News","labelTerm":{},"content":"\u003cp>Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife Lynne, it was announced Sunday.\u003c/p>\n\u003cp>\u003ca href=\"http://meredith.mediaroom.com/2018-09-16-Meredith-Corporation-To-Sell-TIME-Media-Brand-To-Marc-And-Lynne-Benioff\" target=\"_blank\" rel=\"noopener\">Meredith announced\u003c/a> that it was selling Time magazine for $190 million in cash to the Benioffs. Marc Benioff is one of four co-founders of Salesforce, and Lynne Benioff is a marketing consultant and philanthropist.\u003c/p>\n\u003cp>Meredith had completed the purchase of Time along with other publications of Time Inc. earlier this year.\u003c/p>\n\u003cp>The Benioffs are purchasing Time personally, and the transaction is unrelated to Salesforce, where Benioff is chairman, co-CEO and co-founder. The announcement by Meredith said that the Benioffs would not be involved in the day-to-day operations or journalistic decisions at Time. Those decisions will continue to be made by Time's current executive leadership team, the announcement said.\u003c/p>\n\u003cfigure id=\"attachment_11692897\" class=\"wp-caption aligncenter\" style=\"max-width: 800px\">\u003cimg class=\"wp-image-11692897 size-medium\" src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut-800x526.jpg\" alt=\"Marc and Lynne Benioff will not be involved in day-to-day operations or journalistic decisions at Time Magazine.\" width=\"800\" height=\"526\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut-800x526.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut-160x105.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut-1020x670.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut-1200x789.jpg 1200w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut.jpg 1920w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut-1180x776.jpg 1180w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut-960x631.jpg 960w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut-240x158.jpg 240w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut-375x246.jpg 375w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut-520x342.jpg 520w\" sizes=\"(max-width: 800px) 100vw, 800px\">\u003cfigcaption class=\"wp-caption-text\">Marc and Lynne Benioff will not be involved in day-to-day operations or journalistic decisions at Time Magazine. \u003ccite>(ALAIN JOCARD/AFP/Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>\"We're pleased to have found such passionate buyers in Marc and Lynne Benioff for the Time brand,\" Meredith president and CEO Tom Harty said in a statement. \"For over 90 years, Time has been at the forefront of the most significant events and impactful stories that shape our global conversation.\"\u003c/p>\n\u003cp>Meredith, the publisher of such magazines as People and Better Homes & Gardens, had put four Time Inc. publications up for sale in March. Negotiations for the sale of the three other publications — Fortune, Money and Sports Illustrated — are continuing.\u003c/p>\n\u003cp>The prospective sale is expected to close within 30 days. In an interview with \u003ca href=\"https://www.wsj.com/articles/time-magazine-sold-to-salesforce-founder-marc-benioff-for-190-million-1537137165\" target=\"_blank\" rel=\"noopener\">The Wall Street Journal\u003c/a>, Benioff said he and his wife were investing \"in a company with tremendous impact on the world, one that is also an incredibly strong business. That's what we're looking for when we invest as a family.\"\u003c/p>\n\u003cp>https://twitter.com/Benioff/status/1041459167876149248\u003c/p>\n\u003cp>The purchase of Time by Benioff continues a trend of acquisitions of old-line media institutions by wealthy tech giants. The Washington Post was purchased by Amazon founder Jeff Bezos in 2013 for $250 million.\u003c/p>\n\u003cp>Time, like other magazines, has struggled with continued declines in print advertising and newsstand sales.\u003c/p>\n\u003cp>Started by Yale University graduates Henry Luce and Briton Hadden, Time first went on sale in March 1923.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003c/p>\n","blocks":[],"excerpt":"The Salesforce co-founder and his wife will not be involved in the day-to-day operations or journalistic decisions of Time Magazine.","status":"publish","parent":0,"modified":1537150732,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":12,"wordCount":387},"headData":{"title":"Benioffs to Buy Time Magazine for $190 Million | KQED","description":"The Salesforce co-founder and his wife will not be involved in the day-to-day operations or journalistic decisions of Time Magazine.","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":""},"disqusIdentifier":"11692894 https://ww2.kqed.org/news/?p=11692894","disqusUrl":"https://ww2.kqed.org/news/2018/09/16/benioffs-to-buy-time-magazine-for-190-million/","disqusTitle":"Benioffs to Buy Time Magazine for $190 Million","source":"Associated Press","nprByline":"\u003cstrong>Martin Crutsinger\u003c/br>Associated Press\u003c/strong>","path":"/news/11692894/benioffs-to-buy-time-magazine-for-190-million","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife Lynne, it was announced Sunday.\u003c/p>\n\u003cp>\u003ca href=\"http://meredith.mediaroom.com/2018-09-16-Meredith-Corporation-To-Sell-TIME-Media-Brand-To-Marc-And-Lynne-Benioff\" target=\"_blank\" rel=\"noopener\">Meredith announced\u003c/a> that it was selling Time magazine for $190 million in cash to the Benioffs. Marc Benioff is one of four co-founders of Salesforce, and Lynne Benioff is a marketing consultant and philanthropist.\u003c/p>\n\u003cp>Meredith had completed the purchase of Time along with other publications of Time Inc. earlier this year.\u003c/p>\n\u003cp>The Benioffs are purchasing Time personally, and the transaction is unrelated to Salesforce, where Benioff is chairman, co-CEO and co-founder. The announcement by Meredith said that the Benioffs would not be involved in the day-to-day operations or journalistic decisions at Time. Those decisions will continue to be made by Time's current executive leadership team, the announcement said.\u003c/p>\n\u003cfigure id=\"attachment_11692897\" class=\"wp-caption aligncenter\" style=\"max-width: 800px\">\u003cimg class=\"wp-image-11692897 size-medium\" src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut-800x526.jpg\" alt=\"Marc and Lynne Benioff will not be involved in day-to-day operations or journalistic decisions at Time Magazine.\" width=\"800\" height=\"526\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut-800x526.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut-160x105.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut-1020x670.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut-1200x789.jpg 1200w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut.jpg 1920w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut-1180x776.jpg 1180w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut-960x631.jpg 960w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut-240x158.jpg 240w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut-375x246.jpg 375w, https://ww2.kqed.org/app/uploads/sites/10/2018/09/RS32835_GettyImages-451147306-qut-520x342.jpg 520w\" sizes=\"(max-width: 800px) 100vw, 800px\">\u003cfigcaption class=\"wp-caption-text\">Marc and Lynne Benioff will not be involved in day-to-day operations or journalistic decisions at Time Magazine. \u003ccite>(ALAIN JOCARD/AFP/Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>\"We're pleased to have found such passionate buyers in Marc and Lynne Benioff for the Time brand,\" Meredith president and CEO Tom Harty said in a statement. \"For over 90 years, Time has been at the forefront of the most significant events and impactful stories that shape our global conversation.\"\u003c/p>\n\u003cp>Meredith, the publisher of such magazines as People and Better Homes & Gardens, had put four Time Inc. publications up for sale in March. Negotiations for the sale of the three other publications — Fortune, Money and Sports Illustrated — are continuing.\u003c/p>\n\u003cp>The prospective sale is expected to close within 30 days. In an interview with \u003ca href=\"https://www.wsj.com/articles/time-magazine-sold-to-salesforce-founder-marc-benioff-for-190-million-1537137165\" target=\"_blank\" rel=\"noopener\">The Wall Street Journal\u003c/a>, Benioff said he and his wife were investing \"in a company with tremendous impact on the world, one that is also an incredibly strong business. That's what we're looking for when we invest as a family.\"\u003c/p>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"singleTwitterStatus","attributes":{"named":{"id":"1041459167876149248"},"numeric":[]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>The purchase of Time by Benioff continues a trend of acquisitions of old-line media institutions by wealthy tech giants. The Washington Post was purchased by Amazon founder Jeff Bezos in 2013 for $250 million.\u003c/p>\n\u003cp>Time, like other magazines, has struggled with continued declines in print advertising and newsstand sales.\u003c/p>\n\u003cp>Started by Yale University graduates Henry Luce and Briton Hadden, Time first went on sale in March 1923.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003c/p>\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/11692894/benioffs-to-buy-time-magazine-for-190-million","authors":["byline_news_11692894"],"categories":["news_8"],"tags":["news_17897","news_5150"],"featImg":"news_11692898","label":"source_news_11692894"},"news_11681618":{"type":"posts","id":"news_11681618","meta":{"index":"posts_1591205157","site":"news","id":"11681618","score":null,"sort":[1532106754000]},"guestAuthors":[],"slug":"immigrant-rights-group-turns-down-250000-from-salesforce-over-ties-to-border-patrol","title":"Immigrant Rights Group Turns Down $250,000 From Salesforce Over Ties to Border Agency","publishDate":1532106754,"format":"standard","headTitle":"The California Report | KQED News","labelTerm":{},"content":"\u003cp>A Texas nonprofit that works with families separated at the border has turned down a $250,000 contribution from San Francisco-based Salesforce, a company under pressure for its work creating software for U.S. Customs and Border Protection.\u003c/p>\n\u003cp>Salesforce CEO Marc Benioff is known for his support of progressive policies and liberal views on many social issues. But his company has been under pressure to \u003ca href=\"https://www.npr.org/2018/07/14/628765208/tech-workers-demand-ceos-stop-doing-business-with-ice-other-u-s-agencies\" target=\"_blank\" rel=\"noopener\">dump the contract\u003c/a> by tech workers who are critical of the Trump administration's policies on immigration.\u003c/p>\n\u003cp>The head of \u003ca href=\"https://www.raicestexas.org/\" target=\"_blank\" rel=\"noopener\">RAICES\u003c/a>, which stands for the Refugee and Immigrant Center for Education and Legal Services, said the group won't take contributions from Salesforce. The group does not want to be part of a maneuver that aims to calm critics of Salesforce's contract with CBP.\u003c/p>\n\u003cp>\"We stand for justice, and justice is not for sale,\" said RAICES executive director Jonathan Ryan. He said Salesforce is making millions from its government contract. \"Our fundamental mission is to protect immigrants and refugees and to promote their rights — not be part of some kind of hand-washing operation for a corporation,\" he said.\u003c/p>\n\u003cp>Salesforce has been facing mounting pressure over its contract with CBP.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Some 650 Salesforce employees sent a petition last month to Benioff asking him to end the company's contract with the agency.\u003c/p>\n\u003cp>(Salesforce is an NPR financial supporter.)\u003c/p>\n\u003cp>Last week, community groups joined with the advocacy group \u003ca href=\"https://techworkerscoalition.org/\" target=\"_blank\" rel=\"noopener\">Tech Workers Coalition\u003c/a> and protested outside the Salesforce Tower in downtown San Francisco. The coalition is made up of tech employees who say they are concerned about the misuse of the technology they create. Stephanie Parker, who is with the coalition, said members of the group were excited to learn about RAICES turning down Salesforce's contribution.\u003c/p>\n\u003cp>\"It's a great feeling to have an organization that's doing such amazing work directly on the issue of family separation and border detention\" to join the protest against Salesforce, she said.\u003c/p>\n\u003cp>Benioff has said he considers the separation of families at the border wrong.\u003c/p>\n\u003cp>When asked about RAICES' refusal of the money, a Salesforce spokesperson pointed to the \u003ca href=\"https://twitter.com/Benioff/status/1015460127493591040\" target=\"_blank\" rel=\"noopener\">same tweets\u003c/a> Benioff sent out in response to the workers' petition. It was in those tweets that the CEO announced that the company was donating $1 million to organizations that help families at the border.\u003c/p>\n\u003cp>The $250,000 that RAICES turned down was part of that $1 million. Benioff also said the company would match employee donations to increase the charitable giving. \u003ca href=\"https://twitter.com/Benioff/status/1016101605307920385\" target=\"_blank\" rel=\"noopener\">Benioff also defends the company by saying \u003c/a>Salesforce doesn't work \"with CBP regarding separation of families.\"\u003c/p>\n\u003cp>But Ryan, the RAICES director, said Benioff is overlooking the bigger picture.\u003c/p>\n\u003cp>\"Salesforce software provides the operational backbone for the agency,\" Ryan said. \"Thus, it does directly support CBP in implementing its inhumane and immoral policies with the software they provide.\"\u003c/p>\n\u003cp>Ryan says his group would accept Salesforce's contribution if the company dropped the CBP contract.\u003c/p>\n\u003cp>\u003ca href=\"https://www.kqed.org/news/11681049/the-latest-tech-disruption-labor-organizing\" target=\"_blank\" rel=\"noopener\">Tech companies have been facing increasing criticism about the use of powerful products\u003c/a>. Google ended a contract with the Pentagon to make software to improve drone performance after employees protested. Amazon is facing growing criticism from its workers over its sale of facial recognition technology to law enforcement. Employees fear it can be easily be misused to abuse individual civil rights. Hundreds of Microsoft workers signed a petition calling on the company to stop working with U.S. Immigration and Customs Enforcement, or ICE. This week, a group of \u003ca href=\"https://www.npr.org/2018/07/18/630146884/ai-innovators-take-pledge-against-autonomous-killer-weapons\" target=\"_blank\" rel=\"noopener\">tech leaders pledged\u003c/a> they would never work on artificial intelligence for autonomous weapons.\u003c/p>\n\u003cp>Ryan said it's difficult to turn down money. \"With $250,000, we could hire several attorneys for a year or more to continue our work,\" he said.\u003c/p>\n\u003cp>But RAICES may have a little extra cushion this year. It was also the beneficiary of a lot of support from two tech workers who set up a fundraising campaign on Facebook. Initially, the goal was $1,500. In the end, they raised\u003ca href=\"https://www.texastribune.org/2018/06/27/viral-facebook-fundraiser-has-generated-more-20-million-immigration-no/\" target=\"_blank\" rel=\"noopener\"> more than $20 million\u003c/a>.\u003c/p>\n\u003cp>The timing for this fundraising is key. A lot of immigrant rights groups, including RAICES, rely on financial backing from the federal government. Ryan said he fears that with the Trump administration's zero tolerance policy toward immigrants, that source of funding may soon dry up.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Copyright 2018 NPR. To see more, visit http://www.npr.org/.\u003c/p>\n\n","blocks":[],"excerpt":"Salesforce CEO Marc Benioff has been under mounting pressure because of the company's contract with U.S. Customs and Border Protection. A Texas nonprofit says it won't accept a contribution from the company.","status":"publish","parent":0,"modified":1532130345,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":22,"wordCount":724},"headData":{"title":"Immigrant Rights Group Turns Down $250,000 From Salesforce Over Ties to Border Agency | KQED","description":"Salesforce CEO Marc Benioff has been under mounting pressure because of the company's contract with U.S. Customs and Border Protection. A Texas nonprofit says it won't accept a contribution from the company.","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":""},"disqusIdentifier":"11681618 https://ww2.kqed.org/news/?p=11681618","disqusUrl":"https://ww2.kqed.org/news/2018/07/20/immigrant-rights-group-turns-down-250000-from-salesforce-over-ties-to-border-patrol/","disqusTitle":"Immigrant Rights Group Turns Down $250,000 From Salesforce Over Ties to Border Agency","source":"NPR","sourceUrl":"https://www.npr.org/","nprImageCredit":"Denis Balibouse","nprByline":"\u003cstrong>Laura Sydell\u003cbr />NPR\u003c/strong>","nprImageAgency":"Reuters","nprStoryId":"630358800","nprApiLink":"http://api.npr.org/query?id=630358800&apiKey=MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004","nprHtmlLink":"https://www.npr.org/2018/07/19/630358800/immigrant-rights-group-turns-down-250-000-from-tech-firm-over-ties-to-border-pat?ft=nprml&f=630358800","nprRetrievedStory":"1","nprPubDate":"Thu, 19 Jul 2018 13:41:00 -0400","nprStoryDate":"Thu, 19 Jul 2018 12:00:00 -0400","nprLastModifiedDate":"Thu, 19 Jul 2018 13:41:25 -0400","path":"/news/11681618/immigrant-rights-group-turns-down-250000-from-salesforce-over-ties-to-border-patrol","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>A Texas nonprofit that works with families separated at the border has turned down a $250,000 contribution from San Francisco-based Salesforce, a company under pressure for its work creating software for U.S. Customs and Border Protection.\u003c/p>\n\u003cp>Salesforce CEO Marc Benioff is known for his support of progressive policies and liberal views on many social issues. But his company has been under pressure to \u003ca href=\"https://www.npr.org/2018/07/14/628765208/tech-workers-demand-ceos-stop-doing-business-with-ice-other-u-s-agencies\" target=\"_blank\" rel=\"noopener\">dump the contract\u003c/a> by tech workers who are critical of the Trump administration's policies on immigration.\u003c/p>\n\u003cp>The head of \u003ca href=\"https://www.raicestexas.org/\" target=\"_blank\" rel=\"noopener\">RAICES\u003c/a>, which stands for the Refugee and Immigrant Center for Education and Legal Services, said the group won't take contributions from Salesforce. The group does not want to be part of a maneuver that aims to calm critics of Salesforce's contract with CBP.\u003c/p>\n\u003cp>\"We stand for justice, and justice is not for sale,\" said RAICES executive director Jonathan Ryan. He said Salesforce is making millions from its government contract. \"Our fundamental mission is to protect immigrants and refugees and to promote their rights — not be part of some kind of hand-washing operation for a corporation,\" he said.\u003c/p>\n\u003cp>Salesforce has been facing mounting pressure over its contract with CBP.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Some 650 Salesforce employees sent a petition last month to Benioff asking him to end the company's contract with the agency.\u003c/p>\n\u003cp>(Salesforce is an NPR financial supporter.)\u003c/p>\n\u003cp>Last week, community groups joined with the advocacy group \u003ca href=\"https://techworkerscoalition.org/\" target=\"_blank\" rel=\"noopener\">Tech Workers Coalition\u003c/a> and protested outside the Salesforce Tower in downtown San Francisco. The coalition is made up of tech employees who say they are concerned about the misuse of the technology they create. Stephanie Parker, who is with the coalition, said members of the group were excited to learn about RAICES turning down Salesforce's contribution.\u003c/p>\n\u003cp>\"It's a great feeling to have an organization that's doing such amazing work directly on the issue of family separation and border detention\" to join the protest against Salesforce, she said.\u003c/p>\n\u003cp>Benioff has said he considers the separation of families at the border wrong.\u003c/p>\n\u003cp>When asked about RAICES' refusal of the money, a Salesforce spokesperson pointed to the \u003ca href=\"https://twitter.com/Benioff/status/1015460127493591040\" target=\"_blank\" rel=\"noopener\">same tweets\u003c/a> Benioff sent out in response to the workers' petition. It was in those tweets that the CEO announced that the company was donating $1 million to organizations that help families at the border.\u003c/p>\n\u003cp>The $250,000 that RAICES turned down was part of that $1 million. Benioff also said the company would match employee donations to increase the charitable giving. \u003ca href=\"https://twitter.com/Benioff/status/1016101605307920385\" target=\"_blank\" rel=\"noopener\">Benioff also defends the company by saying \u003c/a>Salesforce doesn't work \"with CBP regarding separation of families.\"\u003c/p>\n\u003cp>But Ryan, the RAICES director, said Benioff is overlooking the bigger picture.\u003c/p>\n\u003cp>\"Salesforce software provides the operational backbone for the agency,\" Ryan said. \"Thus, it does directly support CBP in implementing its inhumane and immoral policies with the software they provide.\"\u003c/p>\n\u003cp>Ryan says his group would accept Salesforce's contribution if the company dropped the CBP contract.\u003c/p>\n\u003cp>\u003ca href=\"https://www.kqed.org/news/11681049/the-latest-tech-disruption-labor-organizing\" target=\"_blank\" rel=\"noopener\">Tech companies have been facing increasing criticism about the use of powerful products\u003c/a>. Google ended a contract with the Pentagon to make software to improve drone performance after employees protested. Amazon is facing growing criticism from its workers over its sale of facial recognition technology to law enforcement. Employees fear it can be easily be misused to abuse individual civil rights. Hundreds of Microsoft workers signed a petition calling on the company to stop working with U.S. Immigration and Customs Enforcement, or ICE. This week, a group of \u003ca href=\"https://www.npr.org/2018/07/18/630146884/ai-innovators-take-pledge-against-autonomous-killer-weapons\" target=\"_blank\" rel=\"noopener\">tech leaders pledged\u003c/a> they would never work on artificial intelligence for autonomous weapons.\u003c/p>\n\u003cp>Ryan said it's difficult to turn down money. \"With $250,000, we could hire several attorneys for a year or more to continue our work,\" he said.\u003c/p>\n\u003cp>But RAICES may have a little extra cushion this year. It was also the beneficiary of a lot of support from two tech workers who set up a fundraising campaign on Facebook. Initially, the goal was $1,500. In the end, they raised\u003ca href=\"https://www.texastribune.org/2018/06/27/viral-facebook-fundraiser-has-generated-more-20-million-immigration-no/\" target=\"_blank\" rel=\"noopener\"> more than $20 million\u003c/a>.\u003c/p>\n\u003cp>The timing for this fundraising is key. A lot of immigrant rights groups, including RAICES, rely on financial backing from the federal government. Ryan said he fears that with the Trump administration's zero tolerance policy toward immigrants, that source of funding may soon dry up.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Copyright 2018 NPR. To see more, visit http://www.npr.org/.\u003c/p>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/11681618/immigrant-rights-group-turns-down-250000-from-salesforce-over-ties-to-border-patrol","authors":["byline_news_11681618"],"programs":["news_72"],"categories":["news_1169","news_8","news_248"],"tags":["news_5150","news_23744"],"featImg":"news_11681619","label":"source_news_11681618"},"news_11670045":{"type":"posts","id":"news_11670045","meta":{"index":"posts_1591205157","site":"news","id":"11670045","score":null,"sort":[1527032121000]},"guestAuthors":[],"slug":"look-up-in-the-sky","title":"Look, Up in the Sky!","publishDate":1527032121,"format":"standard","headTitle":"Mark Fiore: Drawn to the Bay | KQED News","labelTerm":{"term":18515,"site":"news"},"content":"\u003cp>An art installation made up of 11,000 LEDs is \u003ca href=\"http://bit.ly/fioreartsalesforce\">scheduled to be unveiled Tuesday night\u003c/a>, and will feature video images captured from neighborhoods around San Francisco.\u003c/p>\n\u003cp>The top of the Salesforce Tower -- now San Francisco's tallest building -- will light up with artist Jim Campbell's \u003cem>Day for Night\u003c/em>.\u003c/p>\n\u003cp>If a 100-foot tall circular screen visible for 20 miles is not enough for you, Tuesday's Salesforce Tower opening will also feature fireworks.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n","blocks":[],"excerpt":"An art installation made up of 11,000 LEDs is scheduled to be unveiled on top of the Salesforce Tower Tuesday night, and will feature video images captured from around San Francisco.","status":"publish","parent":0,"modified":1527032121,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":5,"wordCount":77},"headData":{"title":"Look, Up in the Sky! | KQED","description":"An art installation made up of 11,000 LEDs is scheduled to be unveiled on top of the Salesforce Tower Tuesday night, and will feature video images captured from around San Francisco.","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":""},"disqusIdentifier":"11670045 https://ww2.kqed.org/news/?p=11670045","disqusUrl":"https://ww2.kqed.org/news/2018/05/22/look-up-in-the-sky/","disqusTitle":"Look, Up in the Sky!","path":"/news/11670045/look-up-in-the-sky","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>An art installation made up of 11,000 LEDs is \u003ca href=\"http://bit.ly/fioreartsalesforce\">scheduled to be unveiled Tuesday night\u003c/a>, and will feature video images captured from neighborhoods around San Francisco.\u003c/p>\n\u003cp>The top of the Salesforce Tower -- now San Francisco's tallest building -- will light up with artist Jim Campbell's \u003cem>Day for Night\u003c/em>.\u003c/p>\n\u003cp>If a 100-foot tall circular screen visible for 20 miles is not enough for you, Tuesday's Salesforce Tower opening will also feature fireworks.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\u003cp>\u003c/p>\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/11670045/look-up-in-the-sky","authors":["3236"],"series":["news_18515"],"categories":["news_223","news_8","news_248"],"tags":["news_406","news_6753","news_5150","news_6467"],"featImg":"news_11670057","label":"news_18515"},"news_11396887":{"type":"posts","id":"news_11396887","meta":{"index":"posts_1591205157","site":"news","id":"11396887","score":null,"sort":[1491591822000]},"guestAuthors":[],"slug":"salesforce-tower-nears-completion-as-final-beam-installed","title":"Salesforce Tower Nears Completion as Final Beam Installed","publishDate":1491591822,"format":"standard","headTitle":"News Fix | KQED News","labelTerm":{"term":6944,"site":"news"},"content":"\u003cp>The Bay Area’s tallest building is almost finished. The structural phase of construction on the $1.1 billion Salesforce Tower in downtown San Francisco was completed this week, and the building is expected to open in early 2018.\u003c/p>\n\u003cp>Workers broke ground on the project four years ago, and it now stands almost 1,000 feet tall.\u003c/p>\n\u003cp>\"There’s almost no point in San Francisco that you can be in today without seeing this tower,” said Supervisor Jane Kim at the tower’s topping-off ceremony on Thursday. “Whether you’re in the Sunset or the Richmond, this is truly changing the skyline.\"\u003c/p>\n\u003cp>[soundcloud url=\"https://api.soundcloud.com/tracks/316600027\" params=\"color=ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false\" width=\"100%\" height=\"166\" iframe=\"true\" /]\u003c/p>\n\u003cp>Seventy percent of the building has already been leased to companies including Salesforce, Bain & Co. and Accenture. Salesforce alone will have offices on floors 3 to 30, and plans to have a total of 10,000 employees working out of this and two adjacent buildings.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>https://twitter.com/AlissaEscarce/status/850056175382966272\u003c/p>\n\u003cp>Salesforce will also occupy the 61st floor, which will be left open, without offices or conference rooms. CEO Marc Benioff said the floor will be used as a meeting space for employees during the workday, and will be available to community organizations after hours, free of charge.\u003c/p>\n\u003cp>Benioff said the tower \"needs to be a symbol for not just a great company, but a reminder that we all need to be giving back and doing something for others.\"\u003c/p>\n\u003cp>https://twitter.com/AlissaEscarce/status/850096283683508224\u003c/p>\n\u003cp>Approximately 700 construction workers work on-site each day. Tana Harris, a manlift operator, has worked on the project for two years, moving construction materials and coworkers up and down the building’s 64 floors in a large construction elevator.\u003c/p>\n\u003cp>Now she has only a few months left. At the topping-off ceremony, she was one of hundreds who signed the tower’s last beam before it was installed.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>“This is going to be a wonderful experience, just to go down in history,” she said. “I put my name on the building, so I’ll remember this always.”\u003c/p>\n\n","blocks":[],"excerpt":"Salesforce will have offices on floors 3 to 30, and plans to have a total of 10,000 employees working out of this and two adjacent buildings.","status":"publish","parent":0,"modified":1491600495,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":12,"wordCount":384},"headData":{"title":"Salesforce Tower Nears Completion as Final Beam Installed | KQED","description":"Salesforce will have offices on floors 3 to 30, and plans to have a total of 10,000 employees working out of this and two adjacent buildings.","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":""},"disqusIdentifier":"11396887 https://ww2.kqed.org/news/?p=11396887","disqusUrl":"https://ww2.kqed.org/news/2017/04/07/salesforce-tower-nears-completion-as-final-beam-installed/","disqusTitle":"Salesforce Tower Nears Completion as Final Beam Installed","path":"/news/11396887/salesforce-tower-nears-completion-as-final-beam-installed","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>The Bay Area’s tallest building is almost finished. The structural phase of construction on the $1.1 billion Salesforce Tower in downtown San Francisco was completed this week, and the building is expected to open in early 2018.\u003c/p>\n\u003cp>Workers broke ground on the project four years ago, and it now stands almost 1,000 feet tall.\u003c/p>\n\u003cp>\"There’s almost no point in San Francisco that you can be in today without seeing this tower,” said Supervisor Jane Kim at the tower’s topping-off ceremony on Thursday. “Whether you’re in the Sunset or the Richmond, this is truly changing the skyline.\"\u003c/p>\n\u003cp>\u003c/p>\u003cp>\u003cdiv class='utils-parseShortcode-shortcodes-__shortcodes__shortcodeWrapper'>\n \u003ciframe width='100%' height='166'\n scrolling='no' frameborder='no'\n src='https://w.soundcloud.com/player/?url=https://api.soundcloud.com/tracks/316600027&visual=true&color=ff5500&auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false'\n title='https://api.soundcloud.com/tracks/316600027'>\n \u003c/iframe>\n \u003c/div>\u003c/p>\u003cp>\u003c/p>\n\u003cp>Seventy percent of the building has already been leased to companies including Salesforce, Bain & Co. and Accenture. Salesforce alone will have offices on floors 3 to 30, and plans to have a total of 10,000 employees working out of this and two adjacent buildings.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"singleTwitterStatus","attributes":{"named":{"id":"850056175382966272"},"numeric":[]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>Salesforce will also occupy the 61st floor, which will be left open, without offices or conference rooms. CEO Marc Benioff said the floor will be used as a meeting space for employees during the workday, and will be available to community organizations after hours, free of charge.\u003c/p>\n\u003cp>Benioff said the tower \"needs to be a symbol for not just a great company, but a reminder that we all need to be giving back and doing something for others.\"\u003c/p>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"singleTwitterStatus","attributes":{"named":{"id":"850096283683508224"},"numeric":[]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\n\u003cp>Approximately 700 construction workers work on-site each day. Tana Harris, a manlift operator, has worked on the project for two years, moving construction materials and coworkers up and down the building’s 64 floors in a large construction elevator.\u003c/p>\n\u003cp>Now she has only a few months left. At the topping-off ceremony, she was one of hundreds who signed the tower’s last beam before it was installed.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>“This is going to be a wonderful experience, just to go down in history,” she said. “I put my name on the building, so I’ll remember this always.”\u003c/p>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/11396887/salesforce-tower-nears-completion-as-final-beam-installed","authors":["11337"],"programs":["news_6944"],"categories":["news_1758","news_8"],"tags":["news_5150","news_38"],"featImg":"news_11396898","label":"news_6944"}},"programsReducer":{"possible":{"id":"possible","title":"Possible","info":"Possible is hosted by entrepreneur Reid Hoffman and writer Aria Finger. Together in Possible, Hoffman and Finger lead enlightening discussions about building a brighter collective future. The show features interviews with visionary guests like Trevor Noah, Sam Altman and Janette Sadik-Khan. 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You can also visit the MindShift website for episodes and supplemental blog posts or tweet us \u003ca href=\"https://twitter.com/MindShiftKQED\">@MindShiftKQED\u003c/a> or visit us at \u003ca href=\"/mindshift\">MindShift.KQED.org\u003c/a>","imageSrc":"https://cdn.kqed.org/wp-content/uploads/2024/04/Mindshift-Podcast-Tile-703x703-1.jpg","imageAlt":"KQED MindShift: How We Will Learn","officialWebsiteLink":"/mindshift/","meta":{"site":"news","source":"kqed","order":"2"},"link":"/podcasts/mindshift","subscribe":{"apple":"https://podcasts.apple.com/us/podcast/mindshift-podcast/id1078765985","google":"https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vS1FJTkM1NzY0NjAwNDI5","npr":"https://www.npr.org/podcasts/464615685/mind-shift-podcast","stitcher":"https://www.stitcher.com/podcast/kqed/stories-teachers-share","spotify":"https://open.spotify.com/show/0MxSpNYZKNprFLCl7eEtyx"}},"morning-edition":{"id":"morning-edition","title":"Morning Edition","info":"\u003cem>Morning Edition\u003c/em> takes listeners around the country and the world with multi-faceted stories and commentaries every weekday. 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