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Salesforce to Lay Off 10% of Staff After Hiring ‘Too Many People’ During Pandemic

By
Aaron Holmes
· · Source: The Information

Salesforce will cut around 10% of its staff, or nearly 8,000 people, in the coming quarter, the company said on Wednesday. Like other tech firms, Salesforce posted soaring revenue in the early years of the pandemic as a glut of companies began to rely on cloud-delivered software for remote work. But its growth sagged in recent quarters, and its stock fell by roughly 45% over the course of...

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