Salesforce to Cut 1,000 Jobs While Expanding AI Sales Team
The company is reducing its workforce but plans to hire 2,000 salespeople to promote its artificial intelligence products.
- Salesforce is reportedly laying off over 1,000 employees as its latest fiscal year begins, though specific divisions affected have not been disclosed.
- The company is simultaneously hiring 2,000 salespeople to support the growth of its AI-powered product line, including its 'Agentforce' platform.
- Displaced employees will have the opportunity to apply for other roles within the company.
- The move reflects Salesforce's focus on maintaining profit margins while scaling its AI initiatives, following pressure from activist investors in 2023.
- This marks the latest in a series of layoffs by major tech companies, including Amazon, Microsoft, and Meta, as the industry adjusts to economic pressures.