"Salesforce Announces 700 Job Layoffs Amid Tech Industry Downsizing"
Salesforce has reportedly laid off about 700 employees, amounting to approximately 1% of its global workforce, as part of a routine headcount adjustment. The decision comes after the company faced pressure from activist investors to increase margins. This move follows a series of workforce reductions in 2023 and is in line with a wave of job cuts across the tech industry, with more than 20,000 tech workers affected by layoffs in the first month of 2024.