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The John Batchelor Show

#ScalaReport: Megatech quitting London, Dublin and San Francisco. Chris Riegel, CEO Scala.com #Stratacache

The John Batchelor Show

John Batchelor

News, Books, Society & Culture, Arts

4.62.7K Ratings

🗓️ 23 December 2022

⏱️ 12 minutes

🧾️ Download transcript

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@Batchelorshow


#ScalaReport: Megatech quitting London, Dublin and San Francisco. Chris Riegel, CEO Scala.com #Stratacache
https://www.bloomberg.com/news/articles/2022-12-19/san-francisco-s-feeling-the-pain-of-big-tech-s-troubles-remote-work?sref=5g4GmFHo

Transcript

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0:00.0

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0:05.9

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0:11.1

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0:21.0

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0:27.0

Slack.com slash DHQ.

0:57.0

Next trails. Some of them tech workers wearing badges and company branded clothing. Nearby

1:02.6

restaurants were open, but without the lines that once snaked out the door. This is Salesforce,

1:08.5

a dominant story in the tech bubble of the last years and a leader in recovery after the

1:16.4

pandemic lifted. However, I welcome Chris Riegel. This is the scholar report, Chris is

1:22.1

the CEO of scholar.com, a global technology firm transforming the retail space. Chris,

1:28.4

I start with Salesforce because it's not social media. It's not depending on the whims

1:33.9

of the public. It's business to business and you recognize that as the fundamentals

1:39.2

for the recovery. And now this idea that the Salesforce tower is smattering of people. Do

1:47.9

you see this as a leading indicator? Did Salesforce over expand? Hardly it. It has a reputation

1:54.9

of being quite cautious in its outlook. Good evening to you. Good evening, John. I think

1:59.8

that Salesforce is dealing with what many businesses are dealing with now, which is such a rapid

2:04.6

change in the economy and the way business is done moving forward with COVID, with work

2:11.8

from home. Is it true that many of these companies had overstaffed during the peak of the

2:16.8

pandemic when you had trouble finding people? Yes, quite likely. Now you're seeing a very,

2:21.3

very rapid acceleration in many B2B categories and in the economy in general. So you have

2:27.2

the challenge of in many large city urban cores, people not coming back to the office for

...

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