Salesforce, a technology company, is set to lay off around 700 employees in a company-wide workforce reduction. This represents approximately 1% of the company’s total workforce, which currently stands at around 70,000 employees. The layoffs are in response to the dynamic nature of the technology industry, and follow a similar reduction of 10% of its workforce, or approximately 8,000 employees, made a year ago due to investor pressure to reduce expenses.
Salesforce is a well-known provider of cloud-based customer-relationship management software and is adapting its workforce to stay competitive in the industry. This reduction comes amidst similar challenges faced by various tech companies, leading to industry-wide layoffs.
Interestingly, this announcement follows a decision made by Microsoft to lay off 1,900 employees in its gaming division, a move that also impacted Activision Blizzard, which was recently acquired.
Last year, in November, Salesforce provided upskilling opportunities for women across several countries, including Indonesia, Thailand, the Philippines, and India. The company exceeded its commitment to offer 500,000 upskilling opportunities to women under the Indo-Pacific Economic Framework for Prosperity (IPEF) upskilling initiative.
Initiated by the US Department of Commerce in September 2022, this program aimed to provide women in the Indo-Pacific region with access to digital skills training, fostering sustainable and inclusive economic growth. In just its first year, Salesforce had already delivered over three million opportunities and expanded its upskilling initiatives to various countries, including India, where it partnered with key organizations such as NASSCOM to provide training on Salesforce through the NASSCOM Future Skill Prime Portal.