On Monday, Salesforce laid off hundreds of employees San Francisco Technique Giant’s second round of layoffs this year. Follow Previous round in Octoberwhen 90 people lost their jobs – mainly contract workers in the recruitment department.
Salesforce has not disclosed how many San Francisco employees have been laid off. Axios reported that most of those affected were part of the company’s sales department. Salesforce has also frozen hiring until January 2023.
“Our sales performance process leads to accountability,” a Salesforce spokesperson said in a statement. “Unfortunately, this can result in some leaving work, and we are supporting them through their transition process.”
With nearly 10,000 employees in San Francisco, the company is the city’s largest employer. As of August 2022, Salesforce had 73,542 employees in offices around the world.
During Dreamforce, the company’s annual conference, co-CEO Marc Benioff hinted at A certain level of normalization Having previously seen significant customer demand and growth during the pandemic.
“It’s still bigger, but there’s definitely some growth to deal with,” he said of Salesforce’s growth at a press conference during the event. “I don’t think anyone would disagree with that.”
This return to “normalization” and sluggish growth has led many tech companies to downsize their staff. Over the past week alone, payment company Stripe layoffs of more than 1,000 workerstaxi giant Lyft parts over 500The digital bank 160. Twitter has laid off 3,700 employeesHalf of its workforce after billionaire Elon Musk took over the company.
And in the biggest round of layoffs affecting the tech industry to date, Meta, the parent company of Facebook, 11,000 workers cut today.
Technical Editor Joshua Butt contributed to this article.
“Extreme travel lover. Bacon fanatic. Troublemaker. Introvert. Passionate music fanatic.”
More Stories
Biden, seeking to build on a productive week, will announce billions in grants for chips
Mark Zuckerberg warns of stock volatility as Meta bets billions on investing in artificial intelligence 'before we generate much revenue'
Tesla shares rose 12%, and the shares went nowhere amid the earnings rush