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