The cutbacks may come as no surprise to those familiar with the company, which had increased its headcount by 36% in the year leading up to August 2022 (via CNBC (opens in new tab)). Article printed from InvestorPlace Media, https://investorplace.com/2023/02/salesforce-layoffs-2023-what-to-know-as-crm-cuts-jobs/. Tech Layoffs Continue With Cuts At Salesforce, Amazon And Maybe Even Google Free insights on Salesforce Layoffs. 2022, or the first three quarters of 2022, Salesforce registered a revenue of $21.23 billion Opens a new window , up 19.08% year-over-year (YoY). On Aug. 27, Salesforce announced it would lay off around 1,000 employees. Get browser notifications for breaking news, live events, and exclusive reporting. The company's second-quarter revenue of $5.15 billion was a 29% increase from a year ago, part of an earnings report that sent shares up 25% that day and created billions of dollars in shareholder value. And Slacks chief product officer Tamar Yehoshua and senior vice president of marketing and communications Jonathan Prince handed in their resignations alongside Butterfield. Benioff's Salesforce austerity gets analyst approval | Fortune For the optimistic, or the proactive, this may come as an opportunity to change careers. Salesforce Salesforce Drama Apps Meta says it is experimenting with AI-powered chat on WhatsApp and Messenger Ivan Mehta 10:18 PM PST February 27, 2023 No company is immune from the. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. Salesforce's Marc Benioff hints at more potential layoffs Why Is Novavax (NVAX) Stock Up 12% Today? If you're on the ABC7 News app, click here to watch live, Daughter becomes living donor for mother with kidney disease, Colombia plans to send 70 'cocaine hippos' to India and Mexico, How Paul Murdaugh helped solve his own murder, Mass layoffs by tech companies big and small hit the Bay Area, Here's how Twitter employees are finding out they've been laid off as nearly 50% of workforce cut. Legal Salesforce reportedly handed pink slips to 2500 people Employees of American cloud-based software company Salesforce are likely to face a fresh round of layoffs under the new management. Salesforce Layoffs. But by Thanksgiving, there may fewer of those adults in the room, Related: Lyft and Stripe Both Lay Off Hundreds of Employees, Citing Economy [SFist]. Salesforce (NYSE:CRM) layoffs are a hot topic again on Friday as the company reveals more details about its job cuts. The company anticipates $1.4 billion to $2.1 billion in charges related to its plan. Photo: Salesforce Joe Williams October 12, 2022 Amazon has recently taken out an $8 billion loan to use for "general purposes" as the company's. In addition, Salesforce reportedly laid off workers recently and has implemented a hiring freeze through January. The tech sector, which was initially buoyed by a sudden and intense pandemic-fueled shift to online services, has since had to confront consumers returning to their offline lives. Salesforce: Cut hundreds of employees Enterprise software company Salesforce cut hundreds of workers last week, TechCrunch reported. As an avid bargain-hunter, you can be sure that any deal Craig finds is top value! You can get up to speed on all of this at the links below! Benioff has also been a vocal advocate for "stakeholder capitalism," a model meant to prioritize the needs of not just shareholders in a company but all stakeholders, including employees.