Enterprise software major Salesforce in rejig mode
Laying off around 700 employees
image for illustrative purpose
New Delhi: Enterprise software major Salesforce has become the latest tech company to make job cuts, according to a media report on Friday. The company is laying off around 700 employees, said a person familiar with its plans, the Wall Street Journal reported.
The layoffs comprise around 1 per cent of the roughly 70,000-person company that makes cloud-based customer relationship management software. One year ago, it cut 10 per cent of its workers or around 8,000 employees, amid pressure from investors to cut costs, the report said.
Owing to global macroeconomic conditions, Salesforce in January 2023, laid off 10 per cent of its workforce, impacting about 7,000 employees. The employees were laid off during a two-hour, all-hands meeting over a call.
In February, CEO Marc Benioff in an interview with The New York Times, said the call wasn't the best idea.
