Salesforce announces 10% layoffs

On Wednesday Eastern Time, Salesforce, the largest CRM software service provider in the United States, announced that it will start a restructuring plan, including layoffs of 10%, closing some offices and selling some real estate projects, aiming to reduce the company’s operating costs and increase operating profit margins. The layoffs will cost Salesforce between $1.4 billion and $2.1 billion, the company said, with as much as $1 billion of that coming in the fourth quarter of fiscal 2023. | Related reading (Financial Association)

Lu Ce

The wave of layoffs in the Internet and technology industries in the United States has been going on for a long time, and the proportion of layoffs is slightly different among companies. For companies such as META and Twitter, which have relatively poor business, the number of layoffs will be a little more. Salesforce currently has about 80,000 employees. If 10% of the workforce is laid off, it is not a small number. It can be seen from this that although this wave of layoffs seems to have something to do with the economic recession and the high inflation rate environment, it is necessary to lay off so many employees. There are many people, indicating that in addition to the impact of the general environment, Salesforce’s own business has not been ideal recently. Layoffs may be a self-protection measure in this great recession, but for such companies, layoffs do not mean that things will definitely get better in the future.

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