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Salesforce Layoffs 2022: Targeted Staff Cuts Impact Fewer Than 1,000 Employees

SAN FRANCISCO, CA – DECEMBER 01: The Salesforce logo is seen at Salesforce Tower on December 1, 2020 in San Francisco, California. The cloud-based enterprise software company announced on Tuesday that it will purchase the popular workplace-chat app Slack for $27.7 billion. (Photo by Stephen Lam/Getty Images)

Salesforce layoffs impacted fewer than 1,000 employees on November 7, 2022, according to multiple media reports about the cloud-based CRM provider.

Salesforce has more than 70,000 employees worldwide, so the job cuts apparently represent only about 1% of the company's team. A statement to TechCrunch said:

“Our sales performance process drives accountability. Unfortunately, that can lead to some leaving the business, and we support them through their transition.”

Although Salesforce remains a cloud software industry titan, the company's stock has fallen 52% of the past year amid disappointing growth forecasts. A shakeup could be looming. The evidence: Activist investor Starboard Value acquired a stake in Salesforce, CNBC reported in October.

Related: See all technology industry layoffs listed here.

Salesforce: Still Growing Despite Question Marks

Salesforce's revenue was $7.72 billion for Q3 of 2023, up 22% from the corresponding quarter the previous year. The company expects full-year revenue of $30.9 billion to $31 billion -- up 17% year over year. Those financial figures surfaced in an August 2022 earnings report.

Joe Panettieri

Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.