Salesforce cuts about 1,000 jobs even as stock has record one-day surge

"We're reallocating resources to position the company for continued growth," a spokesperson confirmed in a statement to CNBC. "This includes continuing to hire and redirecting some employees to fuel our strategic areas, and eliminating some positions that no longer map to our business priorities."

Employees affected by the cuts are being given 60 days to find a new job within the company, the spokesperson said, and will have access to internal resources to help them in their search. Thus, the number who ultimately end up leaving the company could be far less than 1,000. For those who don't land new positions, Salesforce will offer severance and pay benefits for six months.

"We are helping them find the next step in their careers, whether within our company or a new opportunity," the spokesperson said. The cuts were reported earlier by the

LD’s will continue piling up bodies leaving C-19 in its dust. Thanks central planners and their minions.

They reported a 29% increase in revenue back in April, and they fired people. Great. And we wonder why people don't trust corporate America?

And so it begins. therickwilson

Hey... I'm starting to think that there's not really a trickle-down effect when companies receive massive tax cuts.

Merica helluva place... Sales 30 million out of gig Aint smell good

Guess the 90 days is over. I'm one of the lucky ones who got severance.

JoAnnKennedyCAN This is so disappointing. I always thought he was one of the good guys. 😔

Jobs don’t matter, inflation doesn’t matter, nothing matters now. We just need a meteor to hit earth and send the markets to infinity.

PrimeWednesdayService 悔い改め 正義 神聖さ

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