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Salesforce Plans for Major Layoffs

protocol.com

32 points by mutator 3 years ago · 3 comments

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posharma 3 years ago

1000 out of ~75k. That's 1% of the workforce. Would you call that "major"?

  • lukewrites 3 years ago

    The article says 2,000 but your point stands that it's a relatively small percentage of the workforce.

    However, it's also a large number of people to be put out of jobs before the holidays.

givemeethekeys 3 years ago

This explains why the stock price went up by almost 5% today.

Of course, judging by their PE ratio of around 150 - it's still being treated like a growth stock.

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