Singapore – Global software company Salesforce has announced the layoff of hundreds of its employees, following plans to cut costs in their operations and harsh global economic conditions.
An initial report by Protocol noted that the company plans to lay off a large number of individuals, roughly 2,000 people or more, for ‘performance’ issues.
A spokesperson for Salesforce confirmed said news to CNBC, saying “Our sales performance process drives accountability. Unfortunately, that can lead to some leaving the business, and we support them through their transition.”
Salesforce previously underwent retrenchment in August 2020, and then in January this year while they implemented a ‘hiring freeze’.
The new Salesforce employee cutbacks come after its investors are increasingly demanding a greater return, with the majority of this investment being poured into growing its business by acquiring businesses such as Slack and Tableau.
Big Tech has been struggling to cope up with losses lately, with other tech companies such as Meta, Oracle, Twitter, Snap and Netflix announcing massive layoffs as well.
