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.
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