"The environment remains challenging and our customers are taking a more measured approach to their purchasing decisions. With this in mind, we've made the very difficult decision to reduce our workforce by about 10 percent, mostly over the coming weeks," Salesforce CEO Marc Benioff said in a letter to employees.
"As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we're now facing, and I take responsibility for that," he added.
Salesforce revealed an initial round of layoffs last November affecting "hundreds" of workers.
Once hitting an all-time valuation peak of more than 300 billion U.S. dollars in late 2021, the San Francisco-based company now sits at around 134 billion dollars, according to a report by TechCrunch.
As a leading customer relationship management platform, it claimed 79,000 employees last February, a 30 percent increase compared to 2020.
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