Salesforce
Marc Benioff
"Over-invested in hiring during the pandemic; realigning costs to market conditions"
Marc Benioff
Salesforce has announced it will lay off 8,000 employees, which represents 10% of its workforce, citing that it over-hired during the pandemic and needs to adjust its costs to current market conditions. However, this decision comes alongside a significant investment of $2.5 billion in AI, raising questions about whether the layoffs are truly just a response to over-hiring or part of a broader strategy to pivot towards automation and new technologies.
| Headcount affected | 8,000 |
|---|---|
| Workforce % | 10% |
| Company | Salesforce |
| CEO | Marc Benioff |
| Geography | Global |
| Hypocrisy score | 70/100 |
| Source | Salesforce to cut 10% of its workforce, about 8,000 employees |
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