Salesforce Implements Layoffs, Letting Go of Around 700 Employees

The American cloud software company Salesforce has decided to lay off approximately 700 employees, according to a new report published by the American newspaper The Wall Street Journal.

The proportion of employees being laid off from the company is about 1% of the total number of employees worldwide, which is approximately 70,000.

Meanwhile, the company itself is still announcing around a thousand new jobs, indicating that the decision may be part of a routine adjustment of staff at the beginning of the new year, according to the report.

In 2023, SalesForce laid off approximately 10% of its total workforce due to increasing pressures from investors who wanted to increase profits faster than planned. Additionally, the company reduced some employee benefits and imposed restrictions on travel expenses.

The Wall Street Journal newspaper quoted an insider source as saying that the recent layoff process aims to help the company focus its expenses. The company has not officially commented on the reports circulating about the layoff process thus far.

Many global technology companies have entered a phase of growth slowdown following the decline of the coronavirus pandemic, which has led to significant layoffs that started last year and are still ongoing.

Estimates indicate that over 20,000 employees have been laid off in 80 technology companies since the beginning of this year.

Historically, the month of January is known to be a common month for employee layoffs, as companies adjust their budgets and plans for the new year. In January 2023, approximately 90,000 employees were laid off by technology companies.