Salesforce decision to lay off 10 percent of employees
Salesforce co-founder and chief executive officer (CEO) Marc Benioff, in a letter to company employees on the subject, said the business environment remains challenging and customers are taking a more moderate approach to their purchasing decisions.
“With that in mind, we have made the very difficult decision to reduce our workforce by approximately 10 percent in the coming weeks,” Benioff said. he used the phrase.
Stating that he put a lot of thought into how they got to this point, Benioff noted that they hired too many people with accelerating income increases during the epidemic, and this led to the economic downturn they are currently facing.
Benioff said: “I take responsibility for that.” he made the assessment of it.
The company’s layoff decision is expected to reduce costs by $1.4 to $2.1 billion.
With the global economy slowing down, many tech companies, especially in the US, decided to lay off thousands of people or suspend new hires last year. Among these companies were leading companies in the technology sector such as Meta and Amazon. (AA)
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
