Salesforce has cut around 300 roles to streamline operations as the tech industry’s ongoing focus on cost control continues.
Salesforce confirmed the job cuts in a statement but did not provide specific details.
A company spokesperson said: “Like any healthy business, we continuously assess whether we have the right structure in place to best serve our customers and fuel growth areas.
“In some cases that leads to roles being eliminated.”
The reductions, made this month, were confirmed by a source.
While the cuts represent a small fraction of Salesforce’s workforce, they reflect the broader trend of tech companies reining in costs after years of rapid expansion.
Salesforce eliminated around 700 jobs earlier this year and reduced its total workforce by approximately 10 percent at the beginning of 2023.
News of the latest layoffs briefly unsettled investors, causing Salesforce shares to dip as much as 0.5 percent to $252.64 on Monday.
The stock had declined by 3.5 percent this year through the previous week.
“Like any healthy business, we continuously assess whether we have the right structure in place to best serve our customers and fuel growth areas”
Several other major tech companies have also announced significant layoffs this month.
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Intuit plans to eliminate 1,800 positions, attributing the cuts to underperformance and stating it will rehire roughly the same number of people.
Software companies UiPath and Open Text have also disclosed layoffs.
Last month, Business Insider reported Microsoft cut hundreds of jobs in its Azure cloud division.
Despite these cuts, Salesforce intends to hire in key areas to drive revenue growth, particularly around its Data Cloud product, while maintaining a focus on expenses.
COO Brian Millham said: “Are we getting the most from everybody in the business — if we’re not, we’re going to have to make reshaping decisions.”
