Enterprise software company Salesforce is reportedly gearing up for another round of layoffs amid a leadership change, increased pressure to hit sales targets and the influence of activist investors.
“Employees worry when they’re going to be laid off,” said one employee, Business Insider reports.
A person familiar with the matter said the company had pushed for cost-cutting measures since it first approached the company this summer, according to reports.
Back in November, the company laid off hundreds of employees. Big tech companies are weathering the economic slowdown.
Protocol first reported that Salesforce is preparing for massive layoffs that could affect up to 2,500 employees.
However, the company told media outlets that “less than 1,000” employees were affected by the job cuts.
The company had 73,541 employees this year.
Earlier this month, the company announced that Brett Taylor will step down as Vice Chairman and Co-CEO, effective January 31, 2023.
Marc Benioff will become the company’s new Chairman and CEO.
“I am grateful for six wonderful years at Salesforce.After much reflection, I have decided to return to my entrepreneurial roots,” Taylor said in a statement.
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