EUROPE: Salesforce Slowly Eating Adecco’s Lunch

The Chad and Cheese Podcast Does Europe mixes humor with sharp analysis on Europe’s evolving landscape. The episode kicks off with light banter before diving into Tesla’s struggles in Europe, where sales have plummeted—down 41.1% in France and 55.3% in Sweden—due to Elon Musk’s anti-EU stance and Trump’s tariffs. These tariffs also threaten U.S. wineries and tourism, prompting travel warnings from Portugal. Meanwhile, European defense strategies are shifting, with Macron pushing for rearmament, Germany increasing military spending, and tensions rising over Greenland’s NATO position, signaling Europe’s move away from U.S. dependence.

In business news, the U.K.-based job platform Adzuna saw a 33% revenue drop in 2024, partly blamed on economic struggles and the Russia-Ukraine war, though Chad attributes it to losing U.S. government contracts. Barcelona’s HR startup Factorial secured $120 million in funding, expanding to 13,000 clients while steering clear of Deel and Rippling’s espionage lawsuit. Meanwhile, Adecco and Salesforce’s new partnership aims to merge human and digital workforces, but Chad doubts Salesforce’s commitment, suspecting they’ll use Adecco’s data before cutting ties.

The hosts highlight Europe’s growing shift toward local self-sufficiency, with China’s BYD surpassing Tesla as European trust in U.S. firms wanes. Belgium’s strikes reflect concerns over pension cuts and reduced African aid. On a lighter note, Lieven gives a shoutout to his 14-year-old son, Jan-Julius, for developing an AI chatbot to improve job matching at House of HR, while Chad cheers for Portugal and Spain in the UEFA Nations League. As Europe adapts to economic and geopolitical changes, the trio sees deglobalization accelerating, reinforcing local investment and industry while distancing from American influence.