Salesforce is preparing to lay off over 1,000 employees, an announcement not yet confirmed officially. This follows similar reductions at other tech companies like Meta and Microsoft, signaling a troubling trend in the tech industry. Although this represents less than 1% of Salesforce's 73,000 workforce, it is part of a broader pattern of layoffs across major firms, with Meta reportedly reducing about 5% of its staff. Despite these cuts, Salesforce is also actively hiring in certain areas, particularly to enhance its AI services for clients.
It's also worth noting that these cuts aren't a net job reduction at Salesforce, as the company is also currently actively hiring salespeople to promote its AI offerings to customers.
In mid-January, Facebook parent company Meta Platforms announced it would cut about 5% of its workforce.
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