reports that the company is planning to lay off about 2,000 people “or more,” likely before Thanksgiving. Salesforce only confirmed the layoffs made this week.
Salesforce has roughly tripled its workforce in the past five years, largely by way of its acquisitions, and reported 78,634 employees as of July 31, including about 12,500 based in San Francisco,Salesforce stated in an SEC filing earlier this year that its employee tally rose 36% just in the past year “to meet the higher demand for services from our customers.”
But the company, which brought back a large-scale Dreamforce event to San Francisco in September, implemented a hiring freeze earlier this year and been seeking to improve profitability while facing slowing demand for its software products and headwinds with foreign currency exchange exacerbated by ballooning domestic inflation., and most notably, its global sales.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ERC and other tax credits every small business should know about - San Francisco Business TimesExperts say the pandemic and the resulting small-business relief programs ushered in a wave of new interest in federal tax credits. Here are five tax credits business owners should be aware of and how they can cash in.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
ERC and other tax credits every small business should know about - San Francisco Business TimesExperts say the pandemic and the resulting small-business relief programs ushered in a wave of new interest in federal tax credits. Here are five tax credits business owners should be aware of and how they can cash in.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
Bay Area sees lowest October home sales volume in 15 years - San Francisco Business TimesEconomic conditions in September and October continued to nosedive and so did real estate sales in San Francisco. Here's how much they were down in October compared to the previous year.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
The delayed housing project at 469 Stevenson is up for review—again - San Francisco Business TimesConcerns about gentrification and seismic safety delayed a 495-unit residential tower last year. Those concerns will be addressed again in the coming months.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
Sports betting, dialysis clinics, income tax go before voters - San Francisco Business TimesIn the Nov. 8 election, voters across California will weigh in on propositions that could impact businesses in various industries across the state.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
Year Up is on a mission to close the career opportunity divide - San Francisco Business TimesBank of America partnered with Year Up in 2006, advocating for social justice and serving local communities. Today, Year Up talent is an important part of Bank of America’s talent sourcing strategy.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »