Salesforce announces layoffs after quarterly revenue tops $5 billion

CEO Marc Benioff called it “one of the best quarters in Salesforce’s history.”August 27, 2020, 5:28 PM• 5 min readSalesforce has confirmed to ABC News that the software firm is planning to eliminate jobs soon after reporting what CEO Marc Benioff called “one of the best quarters in Salesforce’s history.”The company’s second-quarter revenue of $5.15…

Salesforce announces layoffs after quarterly revenue tops $5 billion

CEO Marc Benioff called it “one of the best quarters in Salesforce’s history.”August 27, 2020, 5:28 PM• 5 min readSalesforce has confirmed to ABC News that the software firm is planning to eliminate jobs soon after reporting what CEO Marc Benioff called “one of the best quarters in Salesforce’s history.”The company’s second-quarter revenue of $5.15 billion was a 29% increase from a year ago, part of an earnings report that sent shares up 25% that day and created billions of dollars in shareholder value.On Wednesday, the Wall Street Journal reported that around 1,000 employees would be affected by the job cuts, citing an anonymous source with knowledge of the plan.Salesforce declined ABC News’ request for comment on how many people would be affected by the layoffs,
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