Salesforce To Lay Off 7,000 Employees: ‘Hired Too Many People’

From CRN: Salesforce Co-CEO Marc Benioff revealed Wednesday that his company will be laying off around 7,000 employees over the next few weeks due to hiring too many employees during the COVID-19 pandemic.

“As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that,” said Benioff in a letter to employees that was filed Wednesday with the U.S. Securities and Exchange Commission.

“The environment remains challenging and our customers are taking a more measured approach to their purchasing decisions,” Benioff said. “With this in mind, we’ve made the very difficult decision to reduce our workforce by about 10 percent, mostly over the coming weeks.”

The San Francisco-based company had over 73,500 employees in early 2022, which was an increase of 30 percent compared with 2021.

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