salesforce layoffs: Salesforce laying off 700 workers in latest tech industry downsizing: report


Salesforce is laying off about 700 employees, or roughly 1% of its global workforce, the Wall Street Journal reported on Friday, in the latest round of job cuts to hit the tech industry.

However, the report added that Salesforce still has 1,000 jobs open across the company, implying that the move could be more of a routine adjusting of the company’s workforce, the report said, citing a source.

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The job cuts follow a wave of US tech layoffs after the industry hired heavily during the pandemic, including among behemoths such as Amazon and Google.

Salesforce did not respond to a Reuters request for comment on the report.

Earlier this week, eBay announced it would cut about 1,000 roles, or an estimated 9% of its current workforce, while Microsoft said it would let go of 1,900 employees at Activision Blizzard and Xbox.

Salesforce has already trimmed its workforce last year, when it cut jobs by 10% and closed some offices, after rapid pandemic hiring left it with a bloated workforce.

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The workforce trimming helped the company’s earnings leading it to report a rise in second and third quarter revenue and raising its annual profit forecast. Salesforce also said in September that it would hire more than 3,000 people after cutting jobs in January last year to drive up margins.

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Salesforce is laying off about 700 employees, or roughly 1% of its global workforce, the Wall Street Journal reported on Friday, in the latest round of job cuts to hit the tech industry.

However, the report added that Salesforce still has 1,000 jobs open across the company, implying that the move could be more of a routine adjusting of the company’s workforce, the report said, citing a source.

Elevate Your Tech Prowess with High-Value Skill Courses

Offering College Course Website
Indian School of Business ISB Product Management Visit
IIT Delhi IITD Certificate Programme in Data Science & Machine Learning Visit
Indian School of Business ISB Professional Certificate in Product Management Visit

The job cuts follow a wave of US tech layoffs after the industry hired heavily during the pandemic, including among behemoths such as Amazon and Google.

Salesforce did not respond to a Reuters request for comment on the report.

Earlier this week, eBay announced it would cut about 1,000 roles, or an estimated 9% of its current workforce, while Microsoft said it would let go of 1,900 employees at Activision Blizzard and Xbox.

Salesforce has already trimmed its workforce last year, when it cut jobs by 10% and closed some offices, after rapid pandemic hiring left it with a bloated workforce.

Discover the stories of your interest


The workforce trimming helped the company’s earnings leading it to report a rise in second and third quarter revenue and raising its annual profit forecast. Salesforce also said in September that it would hire more than 3,000 people after cutting jobs in January last year to drive up margins.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.

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