Salesforce, the world's largest software provider About to lay off 700 employees
Salesforce, the world's largest software provider It plans to lay off 700 employees, the latest round of job cuts to hit the tech industry.
On January 26, 2567, Reuters news agency reported that Salesforce, the world's largest provider of customer relationship management software. It is reporting that it is laying off about 700 people, or about 1% of its global workforce. It's the latest round of job cuts to hit the tech industry.
The report added that Salesforce still has 1,000 open positions across the company. This means that the cuts could be a regular shift in the company's workforce.
The job cuts come after a wave of layoffs in U.S. tech jobs. This comes after the industry hired hard during the Covid pandemic. Including giant companies like Amazon and Google.
Earlier this week, eBay announced it would cut about 1,000 jobs, or about 9% of its current workforce, while Microsoft said it would cut 1,900 employees at Activision Blizzard and Xbox.
Salesforce has reduced its workforce over the past year. It reduced jobs by 10% and closed some offices. After the pandemic hiring spree resulted in an increase in the number of employees. By reducing the number of employees, it helps the company earn income. As a result, the company reported higher second and third quarter revenue and raised its annual profit forecast.
Salesforce also said in September that it would hire more than 3,000 people after cutting jobs in January last year to boost profit margins.
refer : reuters.com
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