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Salesforce Lays Off Employees.
Salesforce, the Enterprise software company, has laid off hundreds of employees as Big Tech firms navigate an economic slowdown.
According to Protocol first, Salesforce was preparing for a major round of layoffs that could affect as many as 2,500 employees.
The company, however, told the media that the job cuts affected “fewer than a thousand” employees. The enterprise software maker confirmed it sacked employees earlier this week.
“Our sales performance process drives accountability. Unfortunately, that can lead to some leaving the business, and we support them through their transition,” the company said in a statement.
Earlier this year, 73,541 people are working on the Salesforce payroll.
In August, Salesforce said in a filing that headcount rose 36% in the past year “to meet the higher demand for services from our customers.”
As per the Protocol, Salesforce previously laid off roughly 90 contract workers and implemented a hiring freeze through January 2023.
Salesforce is also reportedly facing pressure from activist investor Starboard. One of Salesforce’s top competitors, Microsoft, announced a round of job cuts in October this year.
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