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Thndr Claps » U.S. Claps » NYSE 🔔 » Salesforce cuts workforce ✂️

Salesforce cuts workforce ✂️

by Omar El Shorafa
November 9, 2022
Claps, Tech, Salesforce

The Clap
Salesforce (NYSE: CRM) laid off a little less than 1,000 employees due to shrinking demand in some countries & industries.

The Deets
Declining sales have pushed the company to shrink its workforce, following in the footsteps of many other companies that are faced with slowing demand.

So What
In August, Salesforce reported lower-than-expected earnings and revenues as demand slowed down among SMEs in several different industries.

Now What
Over the coming weeks, up to 2,500 workers may be affected by the job cuts, despite a 36% increase in the workforce during 2021.

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