Subj : Salesforce is the latest tech giant to reveal major job cuts
To   : All
From : TechnologyDaily
Date : Fri Jan 26 2024 11:30:05

Salesforce is the latest tech giant to reveal major job cuts

Date:
Fri, 26 Jan 2024 11:20:56 +0000

Description:
Restructuring at Salesforce will see 700 workers laid off, but a further 
1,000 reportedly recruited.

FULL STORY
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Salesforce is set to lay off around 700 employees, constituting around 1% of 
its global workforce. 

The Wall Street Journal reports the disheartening move is part of a 
continuing trend in 2024, which echoes what we saw in 2023. While this 
reduction in workforce is significant, 1% is noticeably less drastic than its 
10% reduction this time last year. 

The WSJ report also reveals that the company has 1,000 job openings across 
various departments. An unnamed source cited in the report suggests that the 
latest layoffs could be more of a routine adjustment to the companys 
headcount rather than a reactive measure to ongoing economic challenges. 
Salesforce lays off even more workers 

Google has also announced similar layoffs this year, which many fear could be 
related to the companys rollout of AI across its ads department, effectively 
seeing the technology replace humans. Google did not comment on that when we 
contacted the company, however given Salesforces heavy investments in AI, we 
cant help but wonder whether the technology could be threatening its workers, 
too. 

As the tech industry continues to navigate a seemingly ever-lasting 
post-pandemic landscape of struggles, Salesforces news comes as no surprise, 
and will likely be part of many more similar announcements to come. 

According to layoffs.fyi , more than 262,000 tech workers were made redundant 
globally last year, and more than 23,000 workers have already been similarly 
affected in the first few weeks of this year. Moreover, the same website, 
which tasks itself with tracking tech layoffs globally, reveals that 
Salesforce already fired more than 9,000 workers last season, including 8,000 
in January 2023 and 1,000 in November 2022. 

In a more positive light, this seasons layoffs are being framed more as 
restructuring rather than cutting down from previous overhiring efforts, 
suggesting that even if workers lose their jobs, there could be some security 
within the industry more broadly. More from TechRadar Pro Worried about your 
job? Here are the best job sites and the best recruitment platforms Over a 
thousand jobs are going at eBay as ecommerce giant admits it grew too fast 
Still working from home? Check out the best video conferencing platforms



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Link to news story:
https://www.techradar.com/pro/salesforce-is-the-latest-tech-giant-to-reveal-ma
jor-job-cuts


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