In this Thursday, May 16, 2019, file photo, Salesforce chairman Marc Benioff speaks during a news conference, in Indianapolis. Business-software company Salesforce says it will help employees leave Texas if they are worried about a new law that severely restricts abortion in the state. Benioff made his position clear by retweeting on Friday night, Sept. 10, 2021, a CNBC story describing the company's offer to help employees relocate. (AP Photo/Darron Cummings, File)
The CEO of Salesforce said the company will help employees leave Texas, and he did so while retweeting a story linking the offer to concern about Texas’ new anti-abortion law.
Salesforce, which sells customer-management software, joins a small number of companies that have reacted against the Texas law.
CNBC reported that the San Francisco-based company told employees in a Slack message it will help them move “if you have concerns about access to reproductive healthcare in your state.”
On Friday night, CEO Marc Benioff retweeted a post about the story, adding, “Ohana if you want to move we’ll help you exit TX. Your choice.” Ohana is a Hawaiian term for family.
The company did not return messages for comment.
The Texas law passed the Republican-controlled state Legislature and was signed by Republican Gov. Greg Abbott in May but didn’t go into effect until this month. It bans most abortions after six weeks, before many women know whether they are pregnant, and lets private residents sue anyone who helps a woman get an abortion.
Ride-hailing companies Uber and Lyft, both based in San Francisco, have said they will pay legal fees for any drivers who are sued for taking a woman to an abortion clinic. Dating-app provider Bumble, which is based in Texas, said it will create a relief fund for people affected by the law.
Abortion-rights activists have pressured Texas-based companies to criticize the law, but most have remained silent.
The dreaded Netflix crackdown on profile sharing translated into a major boost in subscribers while the promised rate cuts seem to be a far off fantasy.
After the 2021 boom, IPO activity slowed down significantly, in part due to monetary policy – but things are getting moving again with tech-friendly companies like Iboutta and Rubrik making a public debut.
With an increasing demand for mental health services, one person wanted to change the therapy game. In 2017, CEO Alex Katz founded Two Chairs, a company that uses technology to match patients with the right therapist.
Not only is April Financial Literacy Month, it’s also the kickoff of the spring homebuying season. So now is the time to make sure you have a financial plan in place – and why it might not be wise for that to include buying your first home.
While the U.S. may slowly be on the path to lowering inflation (and therefore interest rates), Europe has thoroughly trounced America, putting it on the path to lower rates by this summer.
April's release of the monthly Housing Starts and Building Permits reports by the Census Bureau provides crucial insights into the construction activity in the housing market. These reports are an economic indicator, shedding light on the current state of the housing market and its broader economic impact.
