The wave of layoffs in the tech industry continues to grow.
Software company Salesforce cut hundreds of jobs this week, according to reports. The company confirmed the layoffs in an email.
“Our sales performance process drives accountability. Unfortunately, that can lead to some leaving the business, and we support them through their transition,” a Salesforce spokesperson said in a statement.
Salesforce did not disclose how many workers were let go or when layoffs were implemented.
CNBC reported the layoffs reportedly impacted fewer than 1,000 people Monday, representing a small fraction of the company’s workforce, citing an unnamed source. Salesforce reported 78,634 employees as of July 31.
Protocol first reported the layoffs, saying the cuts could affect up to 2,500 workers “amid a new activist investor challenge and harsh economic conditions.”
The news of the layoffs came after reports last month that activist investor Starboard Value disclosed a stake in the company.
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Redfin cuts 13% of its staff
Online real estate brokerage firm Redfin, meanwhile, announced Wednesday it’s laying off 862 employees, about 13% of its workforce, and shutting down its iBuying house-flipping business amid a slowing housing market.
The move follows another reduction announced in June, when Redfin let go of…
