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Salesforce will lay off 10% of staff as part of restructuring

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Re: Salesforce will lay off 10% of staff as part of restructuring

#191

Post by mr_00ff00 »

Eumenes wrote: post #179
dan-0 wrote: post #103

Maybe it's just the segment I'm in, but I feel like Salesforce was hiring pretty hard up until recently. They wouldn't be the only company to go from a hiring spree to layoffs that quickly over the last quarter. We really need to lock this absurdity down and increase severance requirements for large companies heavily. It's one thing to gamble risk for the company, it's something completely different to gamble employe…

Severance requirements are not an entitlement. It'll make hiring harder than it already is.

It’s all about trade-offs and I think it’s worth it.

I’d rather it be harder to get a job, but have higher job security when you get it.

Re: Salesforce will lay off 10% of staff as part of restructuring

#192

Post by ensignavenger »

tiffanyh wrote: post #104
Scubabear68 wrote: post #27

Whenever I look at client’s Salesforce setups, I always wonder in the back of my mind what they will do if Salesforce has a significant down-turn? The lock-in to the platform appears to be very fierce. Are there viable routes to exit Salesforce if anyone ever needed to? (Note: I’m not saying Salesforce is doomed or anything, just the layoffs got me thinking in that direction theorically).

> The lock-in to the platform How is this different than any other SaaS?

I the SaaS is Open Source, you can always host it yourself, or pay some one else to host it, or fork it, or any number of other solutions if the current provider does not fit anymore. Open Source is the best way to fight vendor lock-in.

If not Open Source, it should use open standard APIs and data models, with free or cheap data export.

Re: Salesforce will lay off 10% of staff as part of restructuring

#193

Post by neon_electro »

scarface74 wrote: post #185
neon_electro wrote: post #142

Earlier quoted context omitted.

Do you like the current status quo where employers are not reluctant to hire, and they're just as likely to lay folks off? Where's the efficiency for employee or employer?

No matter where you work in any major city in the US, whether you are working for a major tech company or your run of the mill enterprise shop, you should be making at least twice the median household income of your local area if you have at least three years of experience. If people making half of what you make can manage to survive and it be homeless or go hungry, you should be able to save enough “to live in a pos…

What does this have to do with my comment?

Re: Salesforce will lay off 10% of staff as part of restructuring

#194

Post by fatnoah »

dan-0 wrote: post #103

Maybe it's just the segment I'm in, but I feel like Salesforce was hiring pretty hard up until recently. They wouldn't be the only company to go from a hiring spree to layoffs that quickly over the last quarter. We really need to lock this absurdity down and increase severance requirements for large companies heavily. It's one thing to gamble risk for the company, it's something completely different to gamble employe…

Salesforce is giving a minimum of 5 months severance to affected people. That's not too shabby.

Re: Salesforce will lay off 10% of staff as part of restructuring

#195

Post by dmitryminkovsky »

symlinkk wrote: post #132
dan-0 wrote: post #103

Maybe it's just the segment I'm in, but I feel like Salesforce was hiring pretty hard up until recently. They wouldn't be the only company to go from a hiring spree to layoffs that quickly over the last quarter. We really need to lock this absurdity down and increase severance requirements for large companies heavily. It's one thing to gamble risk for the company, it's something completely different to gamble employe…

If you do that companies will be more reluctant to hire, since they’ll have to factor in the risk of paying a hefty severance.

That's the point...

Re: Salesforce will lay off 10% of staff as part of restructuring

#196

Post by amarento »

manojlds wrote: post #148
rightbyte wrote: post #144

Earlier quoted context omitted.

"Literally", which is such a word itself.

99% literally use literally wrong though.

And the converse of "Literally" is, or should be, "Illiterally", I think, I don't know, literally.

Re: Salesforce will lay off 10% of staff as part of restructuring

#197

Post by fatnoah »

sdf4j wrote: post #183

Completely random engineering layoffs are happening today. Skipping management levels and firing people that are in the critical path of products about to launch. Makes you wonder how "structured" are these restructuring efforts.

>Completely random engineering layoffs are happening today

My gut is telling me that the "randomness" is intentional to eliminate, minimize, and/or mask any potential bias in the process.

Re: Salesforce will lay off 10% of staff as part of restructuring

#198

Post by raziel2701 »

missedthecue wrote: post #82
jdhn wrote: post #6

Earlier quoted context omitted.

Lowering costs --> higher profits.

Why not fire 100% of employees in that case?

You guys always take it to the extreme. It's an optimization problem. The market thinks 10% is a pretty good number that will translate into higher profits, likely because they believe the people laid off are non-essential to the business.

I don't know what percentage is too much, all I know is that the stock market is not the economy, and things that tend to be good news for workers and main street tend to be bad for the stock market. For instance, in the past ~6 months the labor market continues to be strong reporting many job openings, which is good for workers as this allows them to seek higher-paying wages. But the market went down after each report because it meant that JPow would further increase interest rates, which are bad for the majority of businesses since they don't have positive free cash flows and rely on zero interest rates to continue operating with debt.

We've been living in the upside down for a while now. And gravity is coming back :)

Re: Salesforce will lay off 10% of staff as part of restructuring

#199

Post by Eumenes »

mr_00ff00 wrote: post #191
Eumenes wrote: post #179

Earlier quoted context omitted.

Severance requirements are not an entitlement. It'll make hiring harder than it already is.

It’s all about trade-offs and I think it’s worth it. I’d rather it be harder to get a job, but have higher job security when you get it.

If I'm fired/laid off, I want free money too, but come on - companies already fund unemployment programs. The government should keep their dirty hands off severance and stop regulating employment within tech/software biz. Alot of these companies have given out very generous packages. These aren't low wage factory workers. These are highly paid/well compensated white collar workers, probably making 2x the median US income. They'll be okay.

Look into how hard it is to fire someone in Germany post trial period (Probezeit).

Re: Salesforce will lay off 10% of staff as part of restructuring

#200

Post by rawgabbit »

nachteilig wrote: post #188
rawgabbit wrote: post #90

Earlier quoted context omitted.

I have personal experience with other ERPs and Salesforce is the best of the lot in my opinion. With my current company, we have employees in Singapore, Europe, USA, and South Africa etc. who all interact with Salesforce on a daily basis. We use it for CRM, service support (VOIP with call tracking), marketing, financials (questionable decision), and analytics (Tableau). Where it shines in my opinion is that does auto…

May I ask what VOIP and tracking solution you took?

SF Service Cloud Voice with Amazon Connect https://aws.amazon.com/partners/amazon-connect-and-salesforc...
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