Salesforce has announced the layoff of approximately 700 employees, equating to around 1% of its global workforce. This move is part of the latest wave of job cuts in the tech industry, which has seen significant downsizing following a period of substantial hiring during the pandemic. Notably, the company still has 1,000 job openings across various departments, suggesting that these layoffs might be part of a routine workforce adjustment.
This downsizing follows a trend of layoffs in the U.S. tech sector, with major companies like Amazon and Google also reducing their workforce. Salesforce had previously reduced its workforce by 10% and closed some offices last year after a phase of rapid hiring during the pandemic led to an inflated workforce. Despite these cuts, Salesforce reported a rise in revenue in the second and third quarters and increased its annual profit forecast.
In a broader context, these layoffs at Salesforce are part of a larger pattern in the tech industry, as companies adjust to post-pandemic market conditions. Other major tech companies, including eBay and Microsoft, have also recently announced significant workforce reductions
