Salesforce, SF’s largest employer, is laying off hundreds

On Monday, Salesforce laid off hundreds of employees, the San Francisco tech giant’s second round of layoffs this year. It follows a previous round in October, when 90 people – mostly contract workers in the recruitment department – lost their jobs.

Salesforce did not disclose how many San Francisco employees were laid off. Most of those affected were from the company’s sales department, Axios reported. Salesforce has also frozen hiring until January 2023.

“Our sales performance process drives accountability,” a Salesforce spokesperson said in a statement. “Unfortunately, this may lead some to leave the company, and we support them in their transition.”

With approximately 10,000 employees in San Francisco, the company is the city’s largest employer. As of August 2022, Salesforce had 73,542 employees in offices around the world.

At Dreamforce, the company’s annual conference, co-CEO Marc Benioff hinted at “some level of normalization” after previously seeing significant customer demand and growth during the pandemic.

“It’s all still bigger, but there are definitely some excesses to deal with,” he said of Salesforce’s growth during a press conference at the event. “I don’t think anyone will disagree with that.”

This return to “normalization” and slowing growth has seen many tech companies downsize. In the past week alone, payments company Stripe laid off more than 1,000 workers, ride-sharing giant Lyft cut more than 500 and digital bank Chime laid off 160. Twitter laid off 3,700 employees, the half of its workforce, after the acquisition of billionaire Elon Musk. the company.

And in the largest round of layoffs affecting the tech industry to date, Meta, Facebook’s parent company, is cutting 11,000 workers today.

Technical Writer Joshua Bote contributed to this article.

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