Salesforce layoffs hit amid m3ter acquisition and stock buyback
Salesforce cuts staff amid acquisition spree and $50 billion share buyback
The layoffs come after CEO Marc Benioff boasted of record revenue and 'incredible cashflow' two weeks ago
Salesforce is undergoing another round of layoffs, its second this year, according to a filing with California’s Worker Adjustment and Retraining Notification office.
The notice filed on Monday stated that 86 employees would be laid off from its Mission Street office in San Francisco on August 7. We're not sure if these were the only jobs cut, and Salesforce did not immediately respond to an email to its press office seeking comment. The company employed about 83,000 people globally as of Jan. 31, according to its annual report.
On the same day Salesforce filed its WARN notice, it announced a definitive agreement to acquire m3ter, a revenue management software company, for an undisclosed sum. This is the 13th acquisition that the company...
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