<br><div><aside class="gnt_em gnt_em__fp gnt_em_vp__tp gnt_em__el" aria-label="Video - Facebook's Meta joins Twitter and other tech companies with layoffs, hiring freezes"/><p class="gnt_ar_b_p">The wave of layoffs in the tech industry continues to grow. </p><p class="gnt_ar_b_p">Software company Salesforce cut hundreds of jobs this week, according to reports. The company confirmed the layoffs in an email. </p><p class="gnt_ar_b_p">“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.</p><p class="gnt_ar_b_p">Salesforce did not disclose how many workers were let go or when layoffs were implemented. </p><p class="gnt_ar_b_p"><a target="_blank" href="https://www.cnbc.com/2022/11/08/salesforce-cut-hundreds-of-employees-on-monday.html" rel="noopener" data-t-l=":b|e|inline click|${u}" class="gnt_ar_b_a">CNBC reported</a> the layoffs reportedly impacted fewer than 1,000 people Monday, representing a small fraction of the company's workforce, citing an unnamed source. Salesforce <a target="_blank" href="https://s23.q4cdn.com/574569502/files/doc_financials/2023/q2/CRM-Q2-FY23-Earnings-Press-Release-w-financials.pdf" rel="noopener" data-t-l=":b|e|inline click|${u}" class="gnt_ar_b_a">reported 78,634 employees</a> as of July 31. </p><p class="gnt_ar_b_p"><a target="_blank" href="https://www.protocol.com/bulletins/salesforce-major-layoffs-starboard" rel="noopener" data-t-l=":b|e|inline click|${u}" class="gnt_ar_b_a">Protocol</a> first reported the layoffs, saying the cuts could affect up to 2,500 workers "amid a <a target="_blank" href="https://www.starboardvalue.com/wp-content/uploads/2022-Active-Passive-Investor-Summit-Wix.com-Ltd.-Splunk-Inc.-Salesforce-Inc.pdf" rel="noopener" data-t-l=":b|e|inline click|${u}" class="gnt_ar_b_a">new activist investor challenge</a> and harsh economic conditions."</p><aside aria-label="advertisement" class="gnt_m gnt_x gnt_x__lbl gnt_x__al"/><p class="gnt_ar_b_p">The news of the layoffs came after reports last month that activist investor <a target="_blank" href="https://www.cnbc.com/2022/10/18/activist-investor-starboard-reveals-stake-in-salesforce-sees-significant-opportunity.html" rel="noopener" data-t-l=":b|e|inline click|${u}" class="gnt_ar_b_a">Starboard Value disclosed a stake</a> in the company.</p><p class="gnt_ar_b_p"><strong class="gnt_ar_b_al">Election coverage on Facebook and Twitter:</strong><a target="_blank" href="/story/tech/2022/11/08/facebook-youtube-twitter-voting-election-misinformation/8303998001/" rel="noopener" data-t-l=":b|e|spike click:9|${u}" class="gnt_ar_b_a">Beware rumors, lies and conspiracy theories about voting</a></p><p class="gnt_ar_b_p"><strong class="gnt_ar_b_al">Meta layoffs:</strong><a target="_blank" href="/story/tech/2022/11/09/meta-layoffs-facebook-parent/8313462001/" rel="noopener" data-t-l=":b|e|spike click:10|${u}" class="gnt_ar_b_a">Facebook parent company to lay off more than 11,000 employees</a></p><h2 class="gnt_ar_b_h2">Redfin cuts 13% of its staff</h2><p class="gnt_ar_b_p">Online real estate brokerage firm Redfin, meanwhile, announced Wednesday it's<a target="_blank" href="https://www.redfin.com/news/november-layoff/" rel="noopener" data-t-l=":b|e|inline click|${u}" class="gnt_ar_b_a"> laying off 862 employees</a>, about 13% of its workforce, and shutting down its iBuying house-flipping business amid a slowing housing market.</p><aside aria-label="advertisement" class="gnt_m gnt_x gnt_x__lbl gnt_x__al"/><p class="gnt_ar_b_p">The move follows another reduction announced in June, when Redfin <a target="_blank" href="/story/money/business/2022/06/14/compass-redfin-layoffs-housing-inflation-rise/7629515001/" rel="noopener" data-t-l=":b|e|inline click|${u}" class="gnt_ar_b_a">let go of...</a></p></div> <style> .wrapper { text-align: center; } </style> <div class="wrapper"> <a class="button" href ="https://news.google.com/__i/rss/rd/articles/CBMiYmh0dHBzOi8vd3d3LnVzYXRvZGF5LmNvbS9zdG9yeS90ZWNoLzIwMjIvMTEvMDkvc2FsZXNmb3JjZS1yZWRmaW4tam9iLWN1dHMtdGVjaC1sYXlvZmZzLzgzMTU1MTcwMDEv0gEA?oc=5">Read more <span>➤</span></a> </div>
