Salesforce is showing Cousin Eddie some love, laying off about 700 employees (1% of their workforce) in a move echoing across the tech industry. This follows last year’s 10% workforce reduction under investor pressure.
But wait, there’s more! Salesforce still has a cool 1,000 open positions, suggesting this might be more spring cleaning than a strategic overhaul. The goal? Focus spending on, you guessed it, growth.
So, what’s the deal?
- Tech Slump Blues: It’s not just Salesforce feeling the pinch. Google and Amazon have shed employees too. The party’s over, folks.
- Shifting Priorities: Maybe Salesforce is just reallocating resources. New year, new focus, right? ♀️
- Investor Whispers: Remember those activist investors pushing for cuts last year? They might still be whispering in Marc Benioff’s ear.
The Bottom Line:
Salesforce is downsizing, but not freaking out. They’re still hiring, just being choosier. So, if you’re looking for a gig at the cloud CRM giant, you might have to bring your A-game.
POINTS:
1. Big picture: Salesforce is laying off about 700 employees, or around 1% of its workforce, in the latest round of layoffs to hit the tech industry.
2. Context: This comes a year after the company cut 10% of its workers, or about 8,000 employees, amid pressure from investors to cut costs.
3. Industry trend: Salesforce is not alone in trimming its ranks. Google and Amazon also laid off hundreds of employees across their companies.
4. Looking ahead: Despite the layoffs, Salesforce still has 1,000 job openings across the company. The layoffs are seen as a routine adjustment of the company’s workforce rather than a significant shift in its strategy, with the aim of focusing spending on growth.
