5 Hypergrowth Stocks With 10X Potential in 2023, Desktop Metal Layoffs 2023: What to Know About the Latest DM Job Cuts. How is Salesforce stock performing in 2022? The meeting had been scheduled for an hour but ran for over two hours, another person said. Salesforce (NYSE: CRM) stock is on the minds of investors Friday as they react to reports of layoffs and a hiring freeze at the U.S. cloud company. Like many (or virtually all) Technology stocks, Salesforce is having a rough year in the public markets. A spokesperson for Salesforce would not comment on how many jobs will be lost, but the Wall Street Journal has reported that more than 1,000 jobs will be lost by 2022. ICE Limitations. Now Salesforce is retrenching as revenue growth is slowing and as it faces an activist investor concerned about operating leverage. quotes delayed at least 15 minutes, all others at least 20 minutes. Snap Inc. has confirmed that the company will lay off 20% of its employee workforce, which accounts for approximately 1,300 people (September, 2022) The layoff news was confirmed by Snap spokesman on August 31st, 2022 noting the layoffs were in an attempt to bring down costs. They have no say in our editorial process. a single tool versus a platform is likely to see cuts. CEO Marc Benioff called it "one of the best quarters in Salesforce's history. Some of todays announcements are hitting in Europe, with the Irish Independent reporting that 200 of 2,100 Irish employees were laid off today, fitting in with that 10% target. Salesforce is an investor in Crunchbase. Got a confidential news tip? Discovery Company. Salesforce Co-Chief Executive . This is also true outside of the United States, even in countries with better social safety nets than the U.S., like New Zealand. March 2, 2023 at 10:23 a.m. Salesforce's massive layoffs are a sign for Silicon Valley that the Oracle and Salesforce both had layoffs in recent days, though the job cuts appear highly targeted and actual details about the headcount reductions are sparse.. Weather | Father and two girls stranded in snowstorm for 13 hoursNews | New report shows thousands of workers have left downtown SFLocal | Bald eagles nesting at Bay Area golf course could lay eggs 'any day now'Tahoe | How much snow did Tahoe get? For the optimistic, or the proactive, this may come as an opportunity to change careers. These Companies Have Announced the Biggest Layoffs in 2023