According to sources, Salesforce.com Inc. plans to cut about 1,000 jobs. This move came after the company streamlines its business even as it reports record quarterly revenue and forecasts further gains.
The cuts are taking place in more than a dozen Salesforce locations around the world, including in Canada, another said. Some employees focused on Service Cloud, Salesforce Platform and configure-price-quote software were also affected.
While some employees were being told via videoconference that their positions would be eliminated, Salesforce reported that revenue climbed 29% to $5.15 billion. The company also raised its forecast for annual sales, signaling the deepest effects of the pandemic-fueled recession may be behind the software maker. Shares of the San Francisco-based company surged as much as 29% on Wednesday in New York on the rosy projections, bringing gains for the year to 65%.
Chief Executive Officer Marc Benioff had pledged in March that the company wouldn’t conduct any “significant” layoffs for 90 days. He scoffed at other CEOs who wouldn’t make the same promise.
The company will give the employees 60 days to search for a new job within the Salesforce organization.
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