Salesforce has slashed thousands of employees from sales teams in the latest round of tech layoffs.<\/p>\n\n\n\n
The San Francisco firm is trying to boost profitability while battling a slowdown in demand for its software products amid an economic downturn.<\/p>\n\n\n\n
Sources said almost 2,500 employees lost their jobs<\/a><\/strong> this week.<\/p>\n\n\n\n READ MORE: FACEBOOK OWNER META TO CUT 11,000 JOBS TO BECOME \u201cLEANER AND MORE EFFICIENT\u201d<\/a><\/strong><\/p>\n\n\n\n A company spokesperson said: \u201cOur sales performance process drives accountability. <\/p>\n\n\n\n \u201cUnfortunately, that can lead to some leaving the business, and we support them through their transition.\u201d<\/p>\n\n\n\n Last month, Salesforce announced a hiring freeze till January 2023 and minor layoffs which hit around 90 people.<\/p>\n\n\n\n The enterprise software<\/a><\/strong> maker employed 78,634 people as of July 31.<\/p>\n\n\n\n READ MORE: SOFTWARE SUPPORT COMPANY ZENDESK LAYS OFF 300 STAFF<\/a><\/strong><\/p>\n\n\n\n It is the leading private-sector employer in San Francisco.<\/p>\n\n\n\n It has almost tripled its workforce in the last five years, mainly due to dozens of takeovers.<\/p>\n\n\n\n After years of focusing on sales growth<\/a><\/strong>, the business has shifted its focus to a new profit margin target of 25 percent by 2026.<\/p>\n\n\n\n Need Career Advice?<\/strong> Get employment skills advice at all levels of your career<\/strong><\/a><\/p>\n\n\n\n In recent weeks, tech giants like Meta and Amazon have announced layoffs or hiring freeze.<\/p>\n\n\n\n These moves come in the face of declining consumer spending, higher inflation, and a strong dollar, which hampers global sales.<\/p>\n\n\n\n Protocol reported earlier Salesforce<\/a><\/strong> is aiming to lay off 2,000 employees “or more” before Thanksgiving.\u00a0<\/p>\n\n\n\n The company declined to respond on any future layoffs. <\/p>\n\n\n\n Source: <\/strong>Bloomberg<\/strong><\/a><\/p>\n\n\n\n Follow us on YouTube<\/strong><\/a>, Twitter<\/strong><\/a>, LinkedIn<\/strong><\/a>, and Facebook<\/strong><\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Salesforce slashed hundreds of employees from sales teams in the latest round of tech layoffs.<\/p>\n","protected":false},"author":5,"featured_media":31525,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1065,1372],"tags":[977,211],"class_list":["post-31522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-business-news","category-us-employment-news","tag-layoffs","tag-salesforce"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts\/31522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/comments?post=31522"}],"version-history":[{"count":0,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts\/31522\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/media\/31525"}],"wp:attachment":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/media?parent=31522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/categories?post=31522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/tags?post=31522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}