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Salesforce to layoff about 10% of staff in latest round of job cuts in tech industry

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In a letter to employees announcing the job cuts, Marc Benioff, Salesforce's chair and co-CEO, admitted to growing headcount too much earlier in the pandemic and said most of the job cuts will take place over the coming weeks.

"I've been thinking a lot about how we came to this moment," Benioff wrote. "As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we're now facing, and I take responsibility for that."As of January 2022, Salesforce reported a headcount of 73,541 global employees.

Like Benioff, a number of other tech founders and CEOs have since admitted they failed to accurately gauge pandemic demand. As a result, tech firms including Amazon and Meta have announced company-wide layoffs.

 

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Salesforce to layoff about 10% of staff in latest round of job cuts in tech industryIn a letter to employees announcing the job cuts, Marc Benioff, Salesforce's chair and co-CEO, admitted to growing headcount too much earlier in the pandemic and said most of the job cuts will take place over the coming weeks.
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Salesforce to layoff about 10% of staff in latest round of job cuts in tech industrySalesforce said it will cut approximately 10% of its workforce and reduce its real estate footprint, making it the latest tech company to slash expenses as broader economic uncertainty continues to hit Silicon Valley particularly hard. Those jobs are never coming back. Yech expansion is over. It will be years before it restarts. People are now realizing how bad their product really is.
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Salesforce to layoff about 10% of staff in latest round of job cuts in tech industryIn a letter to employees announcing the job cuts, Marc Benioff, Salesforce's chair and co-CEO, admitted to growing headcount too much earlier in the pandemic and said most of the job cuts will take place over the coming weeks. But we're Building Back Better!!!
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Salesforce to layoff about 10% of staff in latest round of job cuts in tech industryIn a letter to employees announcing the job cuts, Marc Benioff, Salesforce's chair and co-CEO, admitted to growing headcount too much earlier in the pandemic and said most of the job cuts will take place over the coming weeks. As it completes a new skyscraper in Chicago. Hmm. Democrats economy. Spend spend spend OOH! Inflation! 'later to employees'? Not 'letter?' 🤔🤔
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Salesforce to layoff about 10% of staff in latest round of job cuts in tech industryIn a letter to employees announcing the job cuts, Marc Benioff, Salesforce's chair and co-CEO, admitted to growing headcount too much earlier in the pandemic and said most of the job cuts will take place over the coming weeks.
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