December 11, 2022
1 min read

Salesforce brace for more job cuts

A person familiar with the matter said that the firm has pushed for cost-cutting measures since first approaching the company this summer…reports Asian Lite News

Salesforce, an enterprise software company, is reportedly preparing for another round of layoffs amid leadership changes, increased pressure to meet sales targets, and the influence of activist investors.

An employee said that “people are afraid it (layoffs) could come at any point”, reports Business Insider.

A person familiar with the matter said that the firm has pushed for cost-cutting measures since first approaching the company this summer, according to the report.

Back in November, the company laid off hundreds of employees, as Big Tech firms navigate 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.

The company, however, told media publications that the job cuts affected “less than a thousand” employees.

The company had 73,541 people on its payroll earlier this year.

Earlier this month, the company announced that Bret Taylor will step down as Vice Chair and Co-CEO, effective January 31, 2023.

Marc Benioff will be the new Chair and CEO of the company.

“I am grateful for six fantastic years at Salesforce. After a lot of reflection, I’ve decided to return to my entrepreneurial roots,” Taylor said in a statement.

ALSO READ: ‘It’s India’s century’

Previous Story

Developing nations focus of Mumbai G20 meet 

Next Story

Russia offers India help in overcoming oil price cap

Latest from Business

Big Job Cuts Loom as AI Reshapes Work

The rise of AI and global economic uncertainties are key reasons behind these layoffs…reports Asian Lite News Several major global companies, including Amazon, Morgan Stanley, and Goldman Sachs, plan significant job cuts
Go toTop

Don't Miss

Very few companies opt for RBI’s restructuring scheme

Less than 1 per cent of the eligible companies opted

Qualcomm sets long-term goals amid uncertainties

In the latest Qualcomm quarterly results earlier this month, Cristiano