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Salesforce plans to cut 10% of its workforce, co-CEO Marc Benioff told employees Wednesday. MuleSoft was the hardest hit by layoffs so far, which amount to around 1,000, insiders said. Salesforce has already laid off about 1,000 employees as part of a plan to slash 10% of its workforce, and the MuleSoft unit was the hardest hit so far, insiders said. A Salesforce spokesperson referred Insider to the email when asked for comment on the details of this report. Benioff has been stoking employees' fearsBeyond MuleSoft, Benioff stoked many Salesforce employees' fears in a recent all-hands when asked about the possibility of future layoffs and how the company planned to balance cost-saving with employee morale.
Some senior managers learned of the cuts at the same time as rank-and-file staffers. Some Salesforce managers, even those with senior titles, were blindsided by the company's layoff plans when they commenced on Wednesday, according to internal Slack messages viewed by Insider. Slack messages viewed by Insider were sent by managers ranging from senior manager to vice president level. Salesforce laid off around 1,000 employees this week in an initial round of job cuts, insiders say. Insider reported in December that some Salesforce managers were being asked to identify their bottom 10% of performers.
The painful adjustments will ripple across the industry in 2023.Insider's Big Tech reporters share what to watch this coming year. At $44 billion, the debt-fueled deal was completed quickly at valuations from the frothy tech bull market of 2021. Jonathan Raa/NurPhoto via Getty ImagesThe slow breakdown of Twitter under Musk appears to be upon us. Mastodon has experienced a major influx of users, hitting more than 5 million accounts after Musk took over Twitter. With intense tech antitrust scrutiny, these new services are unlikely to be gobbled up by Big Tech.
Salesforce chief people officer Brent Hyder addressed layoff rumors in a town hall meeting. Benioff did not join Tuesday's town hall, according to two Salesforce employees. In a Slack screenshot viewed by Insider, one Salesforce employee bemoaned a lack of transparency from management on the subject of impending layoffs. Salesforce also announced in the town hall meeting that it's cancelling holiday parties this year. Are you a Salesforce employee or do you have insight to share?
Slack CEO and co-founder Stewart Butterfield is leaving Salesforce in January. The news comes just days after Salesforce announced CEO Bret Taylor is also leaving the company. Slack CEO Stewart Butterfield is leaving Salesforce in January. Butterfield posted his announcement, viewed by Insider, to an internal Slack channel at Salesforce on Monday morning. Butterfield is a co-founder of Slack, which Salesforce acquired for nearly $28 billion in 2021.
Lidiane Jones is taking over Stewart Butterfield's role as CEO of Slack. Slack CEO Stewart Butterfield is exiting the company in January, and Salesforce has confirmed that Lidiane Jones will be his successor. "Slack will have a new CEO: Lidiane Jones. This is good: Lidiane is amazing," Butterfield wrote in the post, which was viewed and published in full by Insider. A spokesperson for Salesforce wrote in a statement to Insider that Butterfield was "instrumental" in choosing Jones as his successor.
Slack CEO Stewart Butterfield announced Monday that he's leaving Salesforce, Slack's corporate owner. The news comes days after Salesforce announced its CEO Bret Taylor is also stepping down. Slack CEO Stewart Butterfield announced Monday morning that he is leaving Salesforce in January, according to an announcement Butterfield posted to a company Slack channel that was viewed by Insider. Slack will have a new CEO: Lidiane Jones. He's going to keep the bar high, and then keep pushing it higher.
The company slowed hiring earlier this year, Insider previously reported. The company told CNBC this week that it had let some employees go recently. Unfortunately, that can lead to some leaving the business, and we support them through their transition," a company spokesperson told Insider in a statement. In May, Salesforce slowed hiring and put a hold on recruiting for some open roles to control expenses, according to an internal memo obtained by Insider. Contact Ellen Thomas via the encrypted messaging app Signal : 646-847-9416 or email ethomas@insider.comOr Julie Bort via email at jbort@businessinsider.com or on encrypted chat app Signal at (970) 430-6112.
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