An American cloud-based software company, Salesforce will be laying off employees in a fresh round of layoffs according to Protocol reports.
It was unclear when the layoffs would begin the discussions on the plan remain ongoing. Salesforce, however, told media publications that the layoffs affected “less than a thousand” employees.
According to Protocol reports, Salesforce had modified its internal policies so that managers could conveniently fire employees based on their performance.
The Employees are to be put under PIP for a 30-day review. The employees will be allowed to leave once it concludes.
Earlier, it was reported that Bret Taylor will step down as Vice Chair and Co-CEO, effective January 31, 2023.
The company is reportedly preparing for another round of layoffs due to leadership changes, increased pressure to meet sales targets, and the influence of activist investors.
Salesforce had more than 73,541 employees this year before the layoffs. The Company’s strength had grown 36 percent over the last year, in keeping with the surging demands of customers.
Salesforce, Inc. software company headquartered in San Francisco, California. It provides customer relationship management (CRM) software and applications focused on sales, customer service, marketing automation, analytics, and application development.
Founded by former Oracle executive Marc Benioff, Salesforce quickly grew into one of the largest companies in the world, making its IPO in 2004. Salesforce’s continued growth makes it the first cloud computing company to reach US$1 billion in annual revenue by the fiscal year 2009 and the world’s largest enterprise software firm by 2022.
Most Recently, Twitter laid off 50% of employee strength post the Elon Musk takeover. Followed by Meta laying off 11000 employees.
There are many leading IT companies that either laid off employees or froze new hiring including Snap, TikTok, HCL Technologies, and Google. On the other hand, ed-tech companies such as Byju’s, Vedantu, and many more have laid off many employees.
