fbpx

YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Salesforce Lays Off Workers From Sales Team Amid Shaky Economy – $CRM $DIA

By John F. Heerdink, Jr.

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.


Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also provides select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.

(Read Original Story: Salesforce Cuts Hundreds of Sales Workers on ‘Accountability’ in Bloomberg)


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us