Salesforce trims workforce by about 300 positions as tech layoffs continue: report

Salesforce (NYSE:CRM), a customer relationship management company, reduced its workforce by about 300 positions over the past month, according to a report by Bloomberg.
The software firm is reducing roles as it spends more on product innovation, according to people familiar with the situation, read the report.
Salesforce shares dipped marginally following the news.
It increases the number of job cuts in the tech industry to nearly 107,000 year to date, according to tracker Layoffs.fyi.
It follows larger layoffs made earlier this month by Intuit (INTU) and UiPath (PATH).
Salesforce has more than 72,000 employees globally, according to company data. It was voted the fourth-best tech workplace in 2023, trailing only Cisco Systems (CSCO), Nvidia (NVDA) and Atlassian (TEAM), according to Fortune.