Salesforce’s 10% Staff Cut Highlights Slowdown in Tech Spending

Jan 4, 2023  · The shares rose 3.1% to $138.97 at 12:15 p.m. in New York, while the tech-heavy Nasdaq 100 share index gained about 1%. The stock declined 48% in 2022.


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Salesforce’s 10% Staff Cut Highlights Slowdown In Tech Spending

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Jan 4, 2023  · The shares rose 3.1% to $138.97 at 12:15 p.m. in New York, while the tech-heavy Nasdaq 100 share index gained about 1%. The stock declined 48% in 2022.

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Salesforce's 10% Staff Cut Highlights Slowdown In Tech Spending

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Jan 4, 2023  · News Salesforce's 10% Staff Cut Highlights Slowdown in Tech Spending Salesforce said it hired too many people during the pandemic-fueled boom and is adjusting to more …

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Salesforce’s 10% Staff Cut Highlights Slowdown In Tech Spending

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Jan 4, 2023  · Salesforce’s 10% Staff Cut Highlights Slowdown in Tech Spending ‘We hired too many people,’ CEO says in letter to employees Headcount grew by 30,000 during pandemic …

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Salesforce’s 10% Staff Cut Highlights Slowdown In Tech Spending

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Jan 4, 2023  · Salesforce Inc. will cut about 10% of its workforce and reduce real estate holdings after the enterprise software company said it hired too many people during the pandemic …

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Salesforce To Cut 10% Of Staff As It Reverses Pandemic Hiring Spree

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Jan 4, 2023  · Salesforce has announced plans to cut about 10 per cent of its workforce, becoming the latest tech group to reverse a recent hiring binge in the face of slowing demand and …

ft.com

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Salesforce Lays Off About 10% Of Its Workforce, Citing "challenging ...

20 hours ago

Jan 4, 2023  · Salesforce is laying off about 10% of its workforce, more than 7,350 employees, in the latest round of job cuts in the tech industry as corporations cut back on software and other …

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Salesforce To Cut Staff By 10% In Latest Tech Layoffs

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Jan 4, 2023  · Salesforce said on Wednesday it would lay off about 10% of its employees and close some offices as a part of its restructuring plan.

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Salesforce To Cut 10% Of Workforce Amid Broader Tech Layoffs

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Jan 4, 2023  · Salesforce plans to lay off about 10% of its workforce, or nearly 8,000 employees, and reduce its office space as tech companies cut costs amid concerns about the economy.

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UPDATE 2-Salesforce To Cut Staff By 10% In Latest Tech Layoffs

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Jan 4 (Reuters) - Salesforce Inc said on Wednesday it would lay off about 10% of its employees and close some offices, becoming the latest tech firm to undertake cost cuts amid an …

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Salesforce To Cut Staff By 10% In Latest Layoffs - Yahoo Finance

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Jan 4, 2023  · STORY: Salesforce said on Wednesday (January 4) it would lay off about 10% of staff and close some offices, becoming the latest tech firm to cut costs amid an economic …

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Salesforce Layoffs: 7,000 Staff Face Axe As Big Tech Job Cuts Bite

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Jan 4, 2023  · Salesforce layoffs will see 10% of staff lose their jobs as Big Tech redundancies continue. ... Salesforce’s strategy of spending big on the acquisitions of companies such as …

techmonitor.ai

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Salesforce Layoffs: Marc Benioff Cuts 10% Of Staff And Says

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Jan 4, 2023  · With its hiring spree, Salesforce joined the ranks of many other tech companies that saw bumper profits during the pandemic and decided to go for rapid expansion in turn, …

fortune.com

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Salesforce Cuts 10% Of Staff In Layoffs As Boss Marc Benioff Holds …

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Jan 4, 2023  · It may still be early days, but the tech sector’s staffing woes appear to be going nowhere in 2023, as software giant Salesforce announced Wednesday it would be cutting as …

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Salesforce To Cut Workforce By 10% After Pandemic Hiring Spree

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Jan 4, 2023  · Salesforce plans to cut its workforce by 10% and close some offices, saying it needs to cut costs after rapid pandemic hiring left it with “too many people” amid an economic …

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Salesforce To Cut 10% Of Workforce After Hiring "too Many People"

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Jan 4 (Reuters) - Salesforce Inc , opens new tab said it plans to cut jobs by 10% and close some offices, after rapid pandemic hiring left it with a bloated workforce amid an economic slowdown.

reuters.com

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Salesforce To Cut 10% Of Workforce After Hiring "too Many People"

20 hours ago

Jan 4, 2023  · (Reuters) -Salesforce Inc said it plans to cut jobs by 10% and close some offices, after rapid pandemic hiring left it with a bloated workforce amid an economic slowdown. The …

yahoo.com

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Salesforce To Cut Staff By 10%, Close Some Offices - Yahoo Finance

20 hours ago

Jan 4, 2023  · Salesforce Inc said on Wednesday it would slash about 10% of its workforce and close some offices as a part of its restructuring plan. The company expects to incur about $1.4 …

yahoo.com

FAQs about Salesforce’s 10% Staff Cut Highlights Slowdown in Tech Spending Coupon?

Why did Salesforce cut 10% of its workforce?

(Bloomberg) -- Salesforce Inc. will cut about 10% of its workforce and reduce real estate holdings after the enterprise software company said it hired too many people during the pandemic-fueled boom and is adjusting to more cautious spending by customers. ...

Why did Salesforce lay off 10% of its employees?

Salesforce Inc announced on Wednesday that it would lay off about 10% of its employees and close some offices. This decision comes amid an economic slowdown, making Salesforce the latest tech firm to undertake cost cuts. ...

Why did Salesforce cut jobs?

REUTERS/Benoit Tessier Purchase Licensing Rights Jan 4 (Reuters) - Salesforce Inc (CRM.N) said it plans to cut jobs by 10% and close some offices, after rapid pandemic hiring left it with a bloated workforce amid an economic slowdown. ...

Why is Salesforce reducing its workforce?

“The environment remains challenging, and our customers are taking a more measured approach to their purchasing decisions. With this in mind, we’ve made the very difficult decision to reduce our workforce by about 10%, mostly over the coming weeks,” Salesforce cofounder and CEO Marc Benioff wrote in an email to staff Wednesday. ...

Is Salesforce cutting its workforce?

Salesforce is trimming its workforce by about 1%. The cuts will affect around 700 employees, The Wall Street Journal reported. Salesforce laid off about a tenth of its headcount last year. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview ...

Is Salesforce laying off staff in 2024?

Salesforce did not immediately respond to a request for comment from Business Insider, made outside normal working hours. The layoffs are the latest in a wave of cuts sweeping the tech industry this month. Industry heavyweights, including Google and Amazon, are among those laying off staff in 2024. ...

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