Salesforce plans layoffs at Own amid acquisition strategy shift

Nov 20, 2024 · US-based software company Salesforce plans to lay off employees at Own, the data management startup, following the acquisition of the latter for approximately $2bn, reports Bloomberg. Salesforce ...

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Salesforce Plans Layoffs At Own Amid Acquisition Strategy Shift

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Salesforce Plans Layoffs At Acquisition Own In Strategy Shift

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Nov 19, 2024 · Salesforce Inc. is planning to cut workers at Own, the data management startup it acquired for about $2 billion. Some roles will not be required “post harmonization,” Salesforce …

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Salesforce Plan Layoffs At Own Following Acquisition Announcement

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2 days ago · Salesforce’s New Approach to Acquisitions. Marc Benioff has been on an acquisition frenzy over recent years, spending $15.7B in 2019 to acquire analytics platform Tableau, …

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Salesforce Plans Layoffs At Acquisition Own In Strategy Shift

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Own, which focuses on securing data across software applications, is Salesforce’s biggest acquisition since Slack. The US$1.9 billion merger includes about 1,000 workers at Own, …

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How Salesforce Layoffs At Israeli Cloud Company It Acquired …

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Nov 21, 2024 · Salesforce is laying off some employees at Own, an Israeli cloud backup company it recently acquired for $2 billion. The job cuts, impacting roles deemed non-essential "post …

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Salesforce Cuts 700 Jobs In Streamlining Effort, Yet Eyes

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Jan 26, 2024 · Salesforce Inc CRM is implementing layoffs of close to 700 employees, about 1% of its 70,000-strong workforce, following a previous reduction of 10% or around 8,000 workers …

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Salesforce Layoffs: Jobs To Be Cut At ‘Own’ Following $2B Acquisition

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Nov 22, 2024 · A spokesperson for Salesforce refused to comment on the workforce reduction. The company’s multi-billion-dollar purchase of Own marks its second-largest acquisition since …

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Salesforce Cuts 700 Jobs In Streamlining Effort, Yet Eyes Growth …

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Jan 26, 2024 · Salesforce Inc (NYSE:CRM) is implementing layoffs of close to 700 employees, about 1% of its 70,000-strong workforce, following a previous reduction of 10% or around …

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Salesforce Acquires Data Management Firm Own For $1.9B In Cash

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Sep 5, 2024 · Salesforce has acquired Own Company, a New Jersey-based provider of data management and protection solutions, for $1.9 billion in cash (after subtracting the value of …

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FAQs about Salesforce plans layoffs at Own amid acquisition strategy shift Coupon?

Are Salesforce layoffs a strategic shift?

Despite these cuts, Salesforce still maintains 1,000 open positions, suggesting these layoffs are part of workforce adjustments rather than a significant strategic shift, the Wall Street Journal reports. The company’s focus is on directing spending towards growth. ...

Is Salesforce laying off employees?

·Verdict·VDB Photos/Shutterstock. US-based software company Salesforce plans to lay off employees at Own, the data management startup, following the acquisition of the latter for approximately $2bn, reports Bloomberg. Salesforce agreed to acquire Own in September 2024, and the deal’s closure was confirmed by Own on Linkedin earlier this week. ...

What happened to Salesforce's 'own' acquisition?

Salesforce announced the acquisition of Own in September this year. Earlier this week, Own said on LinkedIn that the acquisition had closed. For Salesforce, which develops enterprise information systems and holds a market valuation of $311 billion, the acquisition strengthens its focus on data security and backup solutions. ...

What happened to Salesforce's 'own' deal?

Salesforce agreed to acquire Own in September 2024, and the deal’s closure was confirmed by Own on Linkedin earlier this week. Own, now a Salesforce Ventures portfolio company, caters to nearly 7,000 customers to protect mission-critical data. Salesforce’s latest plan forms part of a strategic move following the acquisition. ...

Will Salesforce cut jobs at own?

This move comes after activist investor pressure and a previous round of layoffs, indicating a more cautious approach to growth and acquisitions. Salesforce is reportedly planning to cut jobs at Own, the Israeli cloud backup company it acquired in all cash deal recently. ...

Why did Salesforce cut its jobs?

The job cuts, impacting roles deemed non-essential "post harmonization," signal a shift towards cost-efficiency at Salesforce. This move comes after activist investor pressure and a previous round of layoffs, indicating a more cautious approach to growth and acquisitions. ...