Salesforce is cutting staff despite hitting $5B quarterly revenue for the first time

Salesforce, in the name of “strategically shifting”, has confirmed that it is going to layoff around 1000 people. Surprisingly, this news comes at a time when the firm passed $5B in quarterly revenue for the first time. Earlier this year, Salesforce CEO Marc Benioff pledged to not make any job cuts for 90 days. The period has passed and hence, the company, despite a monster quarter, is laying off a significant percentage (1.9%) of its 54000 strong workforce.

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