Salesforce, a US-based software company, is laying off about 700 employees, or about 1 percent of its global workforce. reuters Citing reports on Friday wall street journal, This is the latest round of job cuts in the tech industry.
Although Salesforce still has 1,000 jobs open at the company, the report said the move may be more of a routine adjustment of the company’s workforce.
The job cuts follow a wave of US tech layoffs that followed a massive hiring spree in the industry during the pandemic, including at giants like Amazon and Google.
Earlier this week, eBay announced it would cut about 1,000 roles, or an estimated 9 percent of its current workforce, while Microsoft said it would let go of 1,900 employees at Activision Blizzard and Xbox.
Salesforce had already cut its workforce last year, when it cut jobs by 10 percent and closed some offices, leaving it with a bloated workforce after a hiring spree due to the pandemic Was.
Workforce reductions helped the company’s earnings, which reported second- and third-quarter revenue growth and raised annual profit estimates.
Salesforce also said in September that it would hire more than 3,000 people after cutting jobs in January last year to boost margins.
(with inputs from agencies)
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