Dan Ives, an analyst at Wedbush Securities, wrote in investor note Wednesday that the cloud-computing giant "clearly is seeing headwinds in the field and thus is trying to quickly adjust to a softening demand environment."

Source: https://abc7.com/salesforce-job-cuts-layoffs-employee-headcount-count/12651464/

Microsoft has confirmed that the hackers took advantage of a security weakness in its cloud-computing environment.

Source: https://www.breitbart.com/tech/2023/07/12/suspected-chinese-hackers-exploited-microsoft-vulnerabilities-to-breach-government-email-systems/