Reportedly, Salesforce Inc. (CRM) has cut hundreds of workers from sales teams, seeking to improve profitability while facing slowing demand for its software products in an unsteady economy. Salesforce almost tripled its workforce in the past five years and reported 78,634 employees as of July 31.
“Our sales performance process drives accountability. Unfortunately, that can lead to some leaving the business, and we support them through their transition,” stated a Salesforce spokesperson.
In recent weeks, tech companies including Meta Platforms Inc. and Amazon.com Inc. have said they will pause hiring or reduce jobs in the face of slowing customer spending, higher inflation, and a strong dollar that hurts overseas sales.
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