In one bizarre case, Salesforce announced that 1,000 employees were laid off late last month, just a day after it announced a monster quarter of over $ 5 billion in revenue. This is the first time the company has achieved a sales rate of 20 billion US dollars. The side by side was hard to miss.
Salesforce this morning CEO and co-founder Marc Benioff announced in a tweet that the company would hire 4,000 new employees over the next six months and 12,000 new employees next year. While it's a mixed message, it's probably more about reallocating resources to areas where they're more needed.
While Salesforce wouldn't comment further on the hiring, the company has obviously done well despite the pandemic that has impacted customers. In the previous quarter, the company forecast slower sales growth as some customers had to pay their bills during tough times with the economic downturn.
So it came as a surprise when the CRM giant announced its profits in August and that it had done so well despite all of that. As the company laid off those 1,000 employees, it said it would give those employees 60 days to find other positions within the company. With these new jobs, provided they are positions for which the laid-off employees are qualified, they can have a variety of positions to choose from.
The company employed 54,000 people when it announced the layoffs, which made up 1.9% of the workforce. If there were 12,000 news jobs added next year, the company would have around 65,000 employees by that point over the next year.