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- Sales force (New York Stock Exchange: CRM), a customer relationship management company, cut its staff by about 300 positions over the past month, according to a Bloomberg report.
- The software company is cutting jobs as it spends more on product innovation, according to people familiar with the matter. with the situation, read the tech-austerity?utm_source=google&utm_medium=bd&cmpId=google” target=”_blank” class=”paywall-full-content invisible”>report.
- Salesforce shares fell marginally on the news.
- Number of job cuts in the tech industry rises to nearly 107,000 so far this year, according to Tracker Dismissals.fyi.
- This follows larger layoffs earlier this month by Intuit (INTU) and UiPath (PATH).
- According to company data, Salesforce has more than 72,000 employees worldwide. It was voted the fourth best tech company to work for in 2023, behind only Cisco Systems (CSCO), Nvidia (NVDA) and Atlassian (TEAM), according to technology/” target=”_blank”>Fortune.
