John M. Chase/iStock Unreleased via Getty Images
- Salesforce (NYSE:CRM), a customer relationship management company, reduced its workforce by about 300 positions over the past month, according to a report by Bloomberg.
- The software firm is reducing roles as it spends more on product innovation, according to people familiar with the situation, read the report.
- Salesforce shares dipped marginally following the news.
- It increases the number of job cuts in the tech industry to nearly 107,000 year to date, according to tracker Layoffs.fyi.
- It follows larger layoffs made earlier this month by Intuit (INTU) and UiPath (PATH).
- Salesforce has more than 72,000 employees globally, according to company data. It was voted the fourth-best tech workplace in 2023, trailing only Cisco Systems (CSCO), Nvidia (NVDA), and Atlassian (TEAM), according to Fortune.