Salesforce Fires Hundreds Of Employees As Big Tech Battles Economic Slowdown
2 years, 1 month ago

Salesforce Fires Hundreds Of Employees As Big Tech Battles Economic Slowdown

News 18  

The big tech layoffs show no signs of slowing down. After Twitter, Microsoft and Meta, Salesforce has now laid off hundreds of employees, as the industry battles through an economic slowdown. Protocol first reported that Salesforce was preparing for a major round of layoffs that could affect as many as 2,500 employees. In August, Salesforce said in a filing that headcount rose 36 per cent in the past year “to meet the higher demand for services from our customers". “Investors are increasingly demanding a greater return from Salesforce, which has always funneled its profits toward growth, including spending billions to acquire companies like Slack and Tableau," the report mentioned.

History of this topic

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