Marc Benioff hints more Salesforce layoffs could be coming

Date:
Mon, 09 Jan 2023 15:34:30 +0000

Description:
At the start of the year, Salesforce said it would be looking to cut 10% of its staff. Now, that figure is climbing.

FULL STORY ======================================================================

Salesforce could be set to cut even more jobs as 2023 continues its rocky start.

In the first week of 2023, news broke that the CRM giant was intending to cut a large number of jobs, amounting to around 10% of its staff headcount. Now, Salesforce co-CEO Mark Beinoff has warned that even more cutbacks may be required.

CNBC reports that a virtual meeting held by Beinoff warned staff that
further cutbacks would be required to make the company more profitable. Salesforce job redundancies

Like many tech companies, Salesforce heavily boosted recruitment during the pandemic following a boom in new customers. However as the industry growth begins to slow, and in the face of global economic uncertainty, many
companies are reported to be cutting large numbers of staff.

According to two of the virtual meetings attendees (via CNBC ), around half
of the companys account executives have brought in near to 95% of all sales.

This isnt the first time that reports have surfaced about Salesforces
reaction to the downturn. In light of staff productivity, Beinoff is said to have posted to the companys internal Slack asking why newer staff (taken on during and after the pandemic emerged) are seemingly less productive. Read more

These are the best recruitment platforms around today

Amazon reveals huge job layoffs to help cut costs

Salesforce is laying off thousands more workers and closing offices

Earlier this month, we reported that the recent move to drastically reduce headcount could cost the company as much as $2.1 billion, but with even further redundancies, Salesforce may be looking to spend even more to make overall savings.

The overall increase and subsequent decrease in staff at Salesforce comes as Beinoff miscalculated the companys success, thus taking on too many people, however it is far from the only company to have taken such measures.

Already this year, Amazon has announced plans to axe a total of 18,000 jobs, though a proportion of this figure has been carried over from November 2022. Other tech giants like Microsoft and Twitter are also experiencing such difficulties.

Salesforce did not immediately respond with a comment on its 2022 cutbacks. Looking for a career change? Here are the best job sites



======================================================================
Link to news story: https://www.techradar.com/news/marc-benioff-hints-more-salesforce-layoffs-coul d-be-coming


--- Mystic BBS v1.12 A47 (Linux/64)
* Origin: tqwNet Technology News (1337:1/100)