
AI does 50 per cent of the work at Salesforce but don't fear mass layoffs yet, CEO Mark Benioff says
The Salesforce chief is clear and firm in his belief that AI should be seen as a means of increasing output rather than reducing headcount. Notably, Salesforce has already fine-tuned its operations with AI capabilities. In a recent Financial Times op-ed, Benioff revealed that 25 per cent of Salesforce's new code in the first quarter of 2025 was AI-generated. He also noted that customer service agents using the company's AI platform, Agentforce, resolved 85 per cent of incoming queries. According to Benioff, these improvements have enabled teams to work more efficiently and build stronger relationships with customers.Despite this broad adoption of AI tools, Benioff is clear that AI is reshaping Salesforce from within. He emphasises that, rather than cutting jobs, the company is rethinking how work is organised — breaking roles into distinct skills and helping employees transition into new, AI-augmented functions.While Benioff does not dismiss the potential disruptions AI may bring, he suggests that job roles will continue to evolve as AI capabilities grow, and that fears of large-scale job displacement are overstated. Rather than eliminating jobs, he argues, AI is prompting a rework around what humans need to do, with the need for many roles to be restructured around new skill sets.- Ends

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
a day ago
- Mint
US Market: Wall Street wraps up a record-setting week with a quite finish amid news of 15% Trump's Tariff push on EU
US Market: Wall Street wrapped up its third winning week in the past four with a subdued finish on Friday following reports that President Donald Trump is advocating for higher tariffs on the European Union. The S&P 500 dipped slightly by less than 0.1% after reaching an all-time high the previous day. The Dow Jones Industrial Average dropped by 142 points, or 0.3%, while the Nasdaq composite inched up by less than 0.1%, marking its own record. According to reports, Trump is insisting on a minimum tariff of between 15% and 20% in any agreement with the EU, as indicated by the Financial Times, citing three individuals familiar with the discussions. The EU is trying to secure a trade agreement with the U.S. ahead of Trump's deadline of Aug. 1, when he has pledged to implement 30% tariffs on the bloc. Data released on Friday showed a decline in consumer concerns regarding inflation due to tariffs, dropping to its lowest point since February. The University of Michigan's July Survey of Consumers indicated that overall consumer sentiment increased by 1.8% from June to 61.8, matching the forecast and reaching its highest level since February, according to reports. In terms of earnings, Netflix's stock fell 5% after the company announced it anticipates its operating margin for the second half of this year will be lower than in the first. Shares of 3M declined by over 3% after the firm adjusted its forecast for organic sales growth to a 2% increase, down from a previous lower estimate of between 2% and 3%. A 2% decline in American Express shares post-earnings contributed to the Dow's decrease. In the upcoming week, market participants will be closely watching the comments from Fed Chair Jerome Powell during a conference in Washington on Tuesday. (With inputs from and AFP) Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.


India Today
a day ago
- India Today
Trump demands 15-20% tariff on all EU imports: Report
US President Donald Trump has intensified his tariff demands in ongoing trade negotiations with the European Union, pushing for a minimum rate of 15 percent to 20 per cent on EU imports, the Financial Times reported, citing sources familiar with the weeks of discussions toward a framework deal, Trump remains unswayed by recent EU offers, including one to reduce car tariffs. He is reportedly willing to keep duties on the auto sector at 25% as initially planned. With an August 1 deadline looming, talks appear to have stalled, and the EU is under pressure to U.S. official told the FT that the administration is now considering 'reciprocal' tariffs that exceed 10 per cent, even if an agreement is reached, putting added strain on already fragile negotiations. The EU, which had hoped for a deal mirroring its post-Brexit agreement with the UK (retaining a 10 per cent baseline tariff with some exemptions), is facing internal divisions on how to respond. Some diplomats warned that Trump's insistence on high, permanent reciprocal duties could force Brussels into retaliation.'We are not going to settle at 15 per cent,' said an EU diplomat, signalling a tougher stance. Another added, 'We don't want a trade war, but we don't know if the US will leave us a choice.'As tensions rise, the European Commission has prepared a series of countermeasures. These include tariffs on EUR 21 billion of US goods, such as chicken and jeans—set to take effect on August 6, along with additional proposals targeting EUR 72 billion in American exports, including Boeing aircraft and bourbon. A third list reportedly includes digital service Trump has dismissed concerns about inflation and market instability, pointing instead to USD 50 billion in extra customs revenue collected last quarter. Though U.S. stocks dipped on the news, markets have largely weathered tariff threats since Chancellor Friedrich Merz expressed scepticism about reaching a compromise, warning that sector-specific agreements remain unlikely due to the US's hardening just days left before Trump's deadline, the possibility of a trade war between two of the world's largest economies appears more real than ever.- EndsTune InMust Watch
&w=3840&q=100)

First Post
a day ago
- First Post
Trump demands steeper tariffs in EU trade talks, pushes for 15-20% minimum tariff: Report
Trump is pushing for 15–20% minimum tariffs in trade talks with the EU, rejecting proposals to ease car levies and threatening broad tariffs on 23 countries. read more Donald Trump has toughened his stance in trade negotiations with the European Union, pushing for minimum tariffs of 15–20% on goods in any new deal with the bloc, Financial Times reported. The move marks a sharp departure from earlier discussions that centred around maintaining a baseline 10% tariff. Trump has also dismissed a recent EU proposal to lower car tariffs, remaining firm on keeping the planned 25% levy on automotive imports. His administration last week sent similar letters to 23 other countries, including Canada, Japan and Brazil, threatening blanket tariffs ranging from 20% to 50% unless new agreements are reached by August 1. STORY CONTINUES BELOW THIS AD The tariffs, which include separate levies of 50% on steel and aluminium and 25% on auto imports, have already begun generating significant monthly revenue for the US government. However, they are also straining diplomatic ties with long-standing allies. Germany's Chancellor Friedrich Merz expressed concern on Friday over Washington's reluctance to accept differentiated treatment for specific sectors. 'The European side supports this. The American side views it more critically,' he said. A senior EU diplomat warned that if Trump proceeds with permanent reciprocal tariffs of 15–20%, it could force Brussels to retaliate. 'We don't want a trade war, but we don't know if the US will leave us a choice,' the official said. Trump's renewed aggressive trade stance has begun generating tens of billions of dollars in monthly revenue for the US government but has also strained ties with some of its closest allies.