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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

#211
post #201

Why do CEOs claim to "take responsibility" for the hard times, but their salary is never cut because of it? If they were actually taking responsibility then they would face real consequences instead of dooming people to no longer having healthcare. Fucking rich people.

Ed Bastian, CEO of Delta Airlines requested the board cut his salary when he had to lay off people during the covid travel implosion. I think it ended up being cut 50% that year.

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

#212
post #95

Earlier quoted context omitted.

We haven’t been preparing for the massive retirement of the boomers. It’s tough in many cases where they spend their careers keeping younger people out of leadership. Then they complain to national papers that workers aren’t hustling enough to get into leadership. There will be volatility as a new generation takes over at companies. Each generation is larger and more educated than the last so demand will keep up.

Get ready for assisted living and nursing salary to double. There’s already a shortage.

It'll just melt sideways, the owners will drain elderly for every penny and then ship them off to a medicare facility once they are poor.

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

#213

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.

That seems like a deal that adversely affects the people at the bottom of the stack, so to speak, in favor of people in the bottom-middle.

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

#215

Earlier quoted context omitted.

The people downvoting you are suffering from a sort of survivorship bias. Sure, now you'd like the comfort of knowing your employer would have to pay you a ton of money if they laid you off, but what if you were somebody who was recently laid off looking for a job and people were reluctant to hire beacuse of this requirement? It's not clear to me that it's a net win, from my perspective I'd rather be able to easily r…

> A strong labor market has been effective in rasing the real incomes of the bottom 25% or so over the past few years Source?

Gaslight handwavy talking point

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

#216
post #201

Why do CEOs claim to "take responsibility" for the hard times, but their salary is never cut because of it? If they were actually taking responsibility then they would face real consequences instead of dooming people to no longer having healthcare. Fucking rich people.

Even if a CEO takes a cut, how will it look like? Going from 20m bonus to 10m? Hardly an existential threat, compared to a laid-off employee.

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

#217
post #95

Earlier quoted context omitted.

We haven’t been preparing for the massive retirement of the boomers. It’s tough in many cases where they spend their careers keeping younger people out of leadership. Then they complain to national papers that workers aren’t hustling enough to get into leadership. There will be volatility as a new generation takes over at companies. Each generation is larger and more educated than the last so demand will keep up.

Who says they are all retiring?

> massive retirement of the boomers

I guess it implies all. To clarify, the cohort of retirement-age workers with the means to retire is experiencing a sharp rise as predicted. That contributes some to a worker shortage that should absorb those affected by layoffs like these.

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

#218

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.

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

If you were out of work, 3 months behind on your mortgage, and wondering if you have enough money saved to keep your kids fed until you get another paycheck - I doubt you would make the same statement.

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

#219

There are over two jobs open for every layoff. People haven’t realized how crazy the labor market is about to get with a collapsing workforce population over the next many decades.

There are, but the people aren't necessarily where the jobs are. I've got positions in Huntsville, AL that aren't remote-capable, and we cannot get people to even apply.

[deleted]

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

#220

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).

My company is currently undergoing this and I have the same feeling. But I think the business model behind it is you hire a "Salesforce consultant" to steer your integration with the understanding that you can replace a small team of developers doing a home-rolled solution with a single developer who runs your SF integration. And Salesforce slurps up 60% of the labor cost savings and you keep the 40% and declare succ…

And lose in-house knowledge experts. Lose the people with buyin on projects success. Lose the people and department that had built the interdepartmental relationships to push big ambitious changes forward (because no 'consultant' is going to recreate those relationships with their seagulling). You have to be a completely shallow business when it comes to business practices for this model to benefit you. But the lost opportunity cost of not having these resources isn't immediately visible so it's ignored. Until a company that gets it comes along and eats your lunch because they are nimble and their own entity, not a Salesforce franchise posing as a business.
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