Salesforce reported blowout earnings on Tuesday, and then informed about 1,000 employees that their jobs are being eliminated.
Salesforce is cutting about 1,000 jobs, or close to 2% of its workforce, after a blowout earnings report pushed the stock up 26% to a record valuation on Wednesday. „We’re reallocating resources to position the company for continued growth,“ a spokesperson confirmed in a statement to CNBC. „This includes continuing to hire and redirecting some employees to fuel our strategic areas, and eliminating some positions that no longer map to our business priorities.“ Employees affected by the cuts are being given 60 days to find a new job within the company, the spokesperson said, and will have access to internal resources to help them in their search. Thus, the number who ultimately end up leaving the company could be far less than 1,000.
