Amazon and Salesforce are the latest tech companies to announce major job cuts as they prune payrolls that rapidly expanded during the pandemic lockdown.
FILE - In this Thursday, May 16, 2019, file photo, Salesforce chairman Marc Benioff speaks during a news conference, in Indianapolis. Salesforce is laying off about 10% of its workforce, more than 7,350 employees, the latest job cuts in the tech industry as corporations cut back on software and other spending. The San Francisco cloud computing software company will also be closing some offices, according to a regulatory filing Wednesday, Jan. 4, 2023.
He said the layoffs will mostly impact the company's brick-and-mortar stores, which include Amazon Fresh and Amazon Go, and its PXT organizations, which handle human resources and other functions. , left Salesforce. Then, Slack co-founder Stewart Butterfield left. Salesforce bought Slack two years ago for nearly $28 billion., career resources, and other benefits, according to the company. Amazon said it is also offering a separation payment, transitional health insurance benefits, and job placement support.
Salesforce employed about 49,000 people in January 2020 just before the pandemic struck. Salesforce's workforce today is still 50% larger than it was before the pandemic.also acknowledged he misread the revenue gains that the owner of Facebook and Instagram was reaping during the pandemic when he announced in November that his company would by laying off 11,000 employees, or 13% of its workforce.
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Here are the companies in the layoffs spotlight: Salesforce joins Intel, Google, HP, Amazon, CiscoSalesforce will lay off 10% of its workforce as part of a restructuring plan. Salesforce announced the layoffs in a filing with the SEC on Jan. 4. In addition to the job cuts, Salesforce plans to exit some real estate and reduce office space.
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Amazon, Salesforce jettison jobs in latest tech worker purgeE-commerce giant Amazon and business software maker Salesforce are the latest U.S. technology companies to announce major job cuts as they prune payrolls that rapidly expanded during the pandemic lockdown.
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Salesforce to cut staff by 10%, close some officesSalesforce Inc said on Wednesday it would lay off about 10% of its employees and close some offices as a part of its restructuring plan, becoming the latest company to undertake cost cuts in a challenging economy.
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Salesforce will lay off 10% of staff as part of restructuringThe company will also exit some real estate and cut back on office space, it disclosed.
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Salesforce to cut staff by 10%, close some officesSalesforce 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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Stocks making the biggest moves premarket: General Electric, Salesforce, Alibaba and moreThese are the stocks posting the largest moves in early morning trading.
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