Marc Benioff, Co-Chief Executive Officer of Salesforce.com Inc., during panel sessions on the second day of the World Economic Forum in Davos, Switzerland, May 24, 2022.
Jason Alden | Bloomberg | Getty Images
Marc Benioff, salesforce The co-founder and soon-to-be sole CEO hinted at an all-hands meeting on Thursday that more downsizing could be coming, according to people with knowledge of the matter.
The virtual meeting took place a day after Salesforce announced 10% job cuts, amounting to more than 7,000 posts. hours later, Amazon Where would be Reduction in the number of employees by 18,000, Tech companies are downsizing their workforce for the first time in years as they reckon with slowing growth, rising interest rates and a possible recession.
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Benioff expressed concern about productivity in some parts of the sales organization. About half of Salesforce account executives brought in more than 95% of deals, they told employees, according to two people who participated in the video. Another person said the meeting was scheduled for an hour but went on for more than two hours.
One of the attendees told CNBC that Benioff said the lack of productivity was largely from the new account executives.
Luck Prior notice of the meeting.
During the pandemic and in the years leading up to it, Salesforce expanded rapidly as cloud adoption grew. The company fueled its growth through major acquisitions such as Slack and Tableau.
Salesforce now retreating as revenue surges slow and as it faces a active investor Concerned about operating leverage. In November, co-CEO Brett Taylor, who had been seen as Benioff’s successor, announced his surprise departure A year after sharing the top job. She’s ready to go at the end of January.
Last month, Benioff posted a somber message to all employees Ways to make new employees more productive, During Thursday’s meeting, Benioff expressed dismay at the media reports that surfaced about his comments.
According to one of the attendees, Benioff said, “Trust is one of our core values.”
The person said Benioff took a long time to respond about the future of Salesforce.
Salesforce did not immediately respond to a request for comment.
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