Zhitong Financial APP has learned that a number of senior executives at CRM.US have left recently, causing continued unrest at the top. On Monday, the company announced that Stewart Butterfield, chief executive of Slack, would leave. Last Wednesday, Bret Taylor, the co-chief executive who orchestrated the Slack acquisition, said he would leave the company. On the share price side, it plunged 8.3 per cent on Thursday and 7.4 per cent on Monday, and compared with the 28 per cent drop in the Nasdaq, shares have fallen 47 per cent this year, hitting their lowest level since March 2020.

Not only Taylor and Butterfield, but also a number of FTSE executives have announced that they are leaving. Last month, Safari said Gavin Patterson, president and head of strategy, would step down in January. It is reported that the head of product at Slack and the senior vice president in charge of marketing, branding and communication will all leave.

Analysts at Guggenheim said Keith Block resigned as co-chief executive three years ago, 18 months after taking over at Saifu. Since then, the company seems to have been struggling. They rated the stock as "hold".

After Taylor announced his departure last week, Wedbush analysts said: "Wall Street thinks this is shocking news because Taylor is one of the mainstays of Sai FTSE's strategy."

On Thursday, Wolfe Research downgraded Sai FTSE to "hold" from "buy". Its analysts believe the company is entering a new difficult period after implementation errors, executive departures and slowing revenue growth.

In addition to the slump last Thursday and Monday, Saifu's share price also fell sharply on January 5, when UBS downgraded the company.