Salesforce is the latest tech company to cut jobs with 700 layoffs, report says
(www.businessinsider.com)
from L4s@lemmy.world to technology@lemmy.world on 26 Jan 2024 20:00
https://lemmy.world/post/11221976
from L4s@lemmy.world to technology@lemmy.world on 26 Jan 2024 20:00
https://lemmy.world/post/11221976
Salesforce is the latest tech company to cut jobs with 700 layoffs, report says::The job cuts, which amount to about 1% of its workforce, follow a series of layoffs last year.
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This is the best summary I could come up with:
In 2023, Marc Benioff’s company laid off about 10% of its total workforce as it grappled with a swarm of activist investors who wanted margins increased faster than planned.
The Journal reported that the tech giant was still advertising for about 1,000 new jobs, implying the decision could be part of a routine headcount adjustment.
An unnamed source told the outelt the layoffs were intended to help the company focus its spending.
Salesforce did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
Google has already axed more than 1,000 workers this month, with CEO Sundar Pichai telling staff that more layoffs were coming this year, per The Verge.
January is historically a common month for layoffs as companies adjust budgets and plans for the new year.
The original article contains 242 words, the summary contains 134 words. Saved 45%. I’m a bot and I’m open source!
LOL their biggest expense is their data storage and transfer, surely. This is a company that MUST be raking it in since so many high-profile clients use them. This issue is really about greed.
They also spent all that money on the massive dildo fucking San Francisco’s skyline.
I think most companies biggest expense is in fact payroll. I would guess that’s especially true in tech. 700 people. Let’s imagine on average each cost the company 100k/year (pay+benefits+taxes+admin+etc). That’s 70 million dollars a year, and probably a very conservative estimate.
For one, you forgot the additional $30MM going straight to Benioff’s pockets.
Can you please tell me what they do. I have heard my work uses it but they sure as shit ain’t selling anythings
It’s software to help keep track of client data.
Also the bane of every IT person I know that has to work with it. It’s second only to printers.
Agreed, it’s terrible.
If you become a “Salesforce developer” you can make lots of money in contracting. Some people build complex systems around their CRM, and I’ve known people pull the equivalent of $150k on what was essentially a part-time job.
You’re right, but every SF dev I’ve ever met is a miserable
It is sales software. You can put in an account for some business plus all the contact people you’d ever need. Then you can track all of the emails and such that go through. Think of it like a ticketing system, which some people have forced it to do, that focuses specifically on the needs of company sales.
Lol that’s amusing as the co I work for develops and sells a ticketing system (itil based)
Cough sn cough
Close
It is a full fledged customer support system too, not something it’s forced to do. That’s the entire service cloud offering.
It might be better than when I used it like 8 years ago. It was definitely not fit for ticketing at the time but coo be made to work.
Oh a lot has changed in 8 years. 4-5 years even. I’ve run many large international support teams out of their ticket and service cloud and they’ve all loved it way more than alternatives like zendesk and such.
Job CREATORS!
Oh, again? They laid me off in January of 2020. I had a six-week-old child at the time; heartless, cruel timing, even if the pandemic wasn’t about to shut everything down six weeks later.
Marc Benioff and his smug smile needs to stop acting like he’s somehow better than the other CEOs. He’s just the same as all of them.
Marc Benioff: “This was a hard decision, and with heavy hearts we must immediately reduce our wage slaves by 700. This was not an easy decision for my bean counters to disrupt these lives, but it was an easy decision for me to destroy their dreams. There are emotions of some kind that I may potentially be feeling.
“Thankfully, any tears that may form in my eyes, either of joy or grief (I’ll let you decide), will be wiped away, effective immediately, by a warm ocean breeze while I’m on my catamaran.”
“The head of emotional manipulation and deflection will be releasing an official statement shortly”
Marc Benioff: “Indeed, and rest assured that, with some form of emotions, I announce today that this is truly one of the days we’ve ever had. Despite this departure of our 700 wage slaves, we must continue to strive for greatness, adjust for new demands in this market, synergize our corpo-speak, become leaner, agile, and more aggressive, and certainly pad the coffers of the owner class.”
“We must be ready to innovate in our space. For this fiscal year, our teams need to be ready and work themselves to their bones. I expect our sales force to sleep on our SalesForce factory floor, with no detours forever more for sure.”