700 employees will be laid off in Salesforce too, company's CEO said this reason

Salesforce, a business well-known for its cloud-based relationship management software, is laying off 700 employees, according to a Wall Street Journal report on Friday. At Salesforce, there are about 70,000 employees; therefore, the layoffs account for 1% of the workforce.

Even a year ago, the company had let go of about 10% of its workforce. During that time, about 8,000 workers lost their jobs. The decision to cut spending was made at the time due to pressure from investors.

The announcement of Salesforce layoffs coincides with a trend of tech companies cutting staff to save costs. The announcement of Salesforce's layoffs came the day after Microsoft revealed that 1,900 workers in its video game division had been let go. According to Amarujala, Activision Blizzard is also included in the companies where Microsoft is going to lay off.

Microsoft acquired Activision for $69 billion in a deal signed late last year. At WEF, Salesforce CEO Marc Benioff said that given the increasing use of AI in the tech industry, protective measures are being taken by various companies. Under this, this decision has been taken.

"We don't want anything really to go wrong. That's why we're taking a cautious approach," he said. "We don't want a Hiroshima moment," Benioff said. We have seen that technology is going in the wrong direction. We have seen a Hiroshima. We don't want to see an AI in Hiroshima. We want to make sure our attention is drawn to prevention.