Salesforce Cuts 1,000 Jobs After Banner Quarter, Stock Surge
- ‘There is no lifetime employment at Salesforce,’ CEO says
- Company will ‘rebalance’ 5% to 10% of its workforce each year
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Salesforce.com Inc. plans to cut about 1,000 jobs, people familiar with the situation said, a move by the software giant to streamline its business even as it reports record quarterly revenue and forecasts further gains.
Sales and customer-support roles are among those being eliminated, said two of the people, who asked not to be identified discussing private information. In the U.S., the move affects some workers who sell the company’s software aimed at financial-services firms, health and life-science companies and other cloud sales teams, one of the people said.