Salesforce Reportedly Lays Off Hundreds of Employees as Tech Sector Continues to Struggle

In the most recent round of layoffs in the tech sector, Salesforce fired hundreds of workers on Tuesday. According to CNBC, the e-commerce giant has reduced its staff by almost 1,000 employees. The layoffs at Salesforce are the most recent for tech workers after several businesses announced weak quarterly earnings and took steps to prepare for a potential recession.

A Salesforce representative explained, “Our sales performance process drives accountability. Unfortunately, that can lead to some leaving the business, and we support them through their transition.” The company had also stated that it plans to add staff at a slower rate than in previous years due to rising inflation and a volatile economy.

In anticipation of a likely recession, multiple tech firms have started making layoffs. This week, Meta is anticipated to make a significant announcement regarding thousands of employee layoffs. Ride-share company Lyft also recently announced layoffs, and Twitter, now under the direction of Elon Musk, reportedly laid off nearly 4,000 employees. Additionally, payment company Stripe laid off more than 1,000 staffers in preparation for “leaner times.”

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