Category Archives: Bill McDermott

ServiceNow updates its workflow automation platform

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ServiceNow today announced the latest release of its workflow automation platform. With this, the company is emphasizing a number of new solutions for specific verticals, including for telcos and financial services organizations. This focus on verticals extends the company’s previous efforts to branch out beyond the core IT management capabilities that defined its business during […] Continue reading ServiceNow updates its workflow automation platform→

Salesforce confirms it’s laying off around 1000 people in spite of monster quarter

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In what felt like strange timing, Salesforce has confirmed a report in yesterday’s Wall Street Journal that it was laying off around 1000 people or approximately 1.9% of the company’s 54,000 strong workforce. This news came in spite of the company reporting a monster quarter on Tuesday in which it passed $5 billion in quarterly […] Continue reading Salesforce confirms it’s laying off around 1000 people in spite of monster quarter→

SAP decision to spin out Qualtrics 20 months after spending $8B surprises industry watchers

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When SAP announced it was spinning out Qualtrics on Sunday, a company it bought less than two years ago for an eye-popping $8 billion, it was enough to make your head spin. At the time, then CEO Bill McDermott saw it as a way to bridge the company’s core operational with customer data, while acquiring […] Continue reading SAP decision to spin out Qualtrics 20 months after spending $8B surprises industry watchers→

ServiceNow pledges no layoffs in 2020

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You don’t need your Ph.D. in economics to know the economy is in rough shape right now due to the impact of COVID-19, but ServiceNow today pledged that it would not lay off a single employee in 2020 — and in fact, it’s hiring. While Salesforce’s Marc Benioff, pledged no significant layoffs for 90 days […] Continue reading ServiceNow pledges no layoffs in 2020→

Bill McDermott takes reins as ServiceNow CEO sooner than expected with new CFO

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When former SAP CEO Bill McDermott announced that he was stepping down in October after a decade in the position, it was pretty unexpected. He indicated at that point, he would stay until the end of the year to help with the transition to new leadership — then ServiceNow hired him to be its CEO just […] Continue reading Bill McDermott takes reins as ServiceNow CEO sooner than expected with new CFO→

Bill McDermott aims to grow ServiceNow like he did SAP

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Bill McDermott has landed. Two weeks ago, he stepped down as CEO at SAP after a decade leading the company. Yesterday, ServiceNow announced that he will be its new CEO. It’s unclear how quickly the move came together but the plan for him is clear: to scale revenue like he did in his last job. […] Continue reading Bill McDermott aims to grow ServiceNow like he did SAP→

Former SAP CEO Bill McDermott taking over as ServiceNow CEO

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When Bill McDermott announced he was stepping down as CEO at SAP a couple of weeks ago, it certainly felt like a curious move — but he landed on his feet pretty quickly. ServiceNow announced he would be taking over as CEO there. The transition will take place at year-end. If you’re wondering what happened to […] Continue reading Former SAP CEO Bill McDermott taking over as ServiceNow CEO→

Why it might have been time for new leadership at SAP

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SAP CEO Bill McDermott announced he was stepping down last night after a decade at the helm in an announcement that shocked many. It’s always tough to measure the performance of an enterprise leader when he or she leaves. Some people look at stock price over their tenure. Some at culture. Some at the acquisitions […] Continue reading Why it might have been time for new leadership at SAP→

SAP’s Bill McDermott on stepping down as CEO

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SAP’s CEO Bill McDermott today announced that he wouldn’t seek to renew his contract for the next year and step down immediately after nine years at the helm of the German enterprise giant. Shortly after the announcement, I talked to McDermott, as well as SAP’s new co-CEOs Jennifer Morgan and Christian Klein. During the call, […] Continue reading SAP’s Bill McDermott on stepping down as CEO→

Bill McDermott steps down as SAP’s CEO

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SAP today announced that Bill McDermott, its CEO for the last nine years, is stepping down immediately. The company says he decided not to renew his contract. SAP Executive Board members Jennifer Morgan and Christian Klein have been appointed co-CEOs. McDermott, who started his business career as a deli owner in Amityville, Long Island and […] Continue reading Bill McDermott steps down as SAP’s CEO→