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Salesforce is the latest tech company to cut jobs with 700 layoffs, report says
(www.businessinsider.com)
this post was submitted on 26 Jan 2024
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This is the best summary I could come up with:
In 2023, Marc Benioff's company laid off about 10% of its total workforce as it grappled with a swarm of activist investors who wanted margins increased faster than planned.
The Journal reported that the tech giant was still advertising for about 1,000 new jobs, implying the decision could be part of a routine headcount adjustment.
An unnamed source told the outelt the layoffs were intended to help the company focus its spending.
Salesforce did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
Google has already axed more than 1,000 workers this month, with CEO Sundar Pichai telling staff that more layoffs were coming this year, per The Verge.
January is historically a common month for layoffs as companies adjust budgets and plans for the new year.
The original article contains 242 words, the summary contains 134 words. Saved 45%. I'm a bot and I'm open source!