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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

#221

Post by majormajor »

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.

Would the overall economy be worse off if companies hadn't gone nuts with hiring in 2020/2021?

Does "more reluctant" here = "more thoughtful"?

I'm sure you could take it too far, but I'm highly skeptical that we're in any sort of optimal situation today.

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

#222

Post by ghiculescu »

moneywoes wrote: post #204
corry wrote: post #10

I forget which podcast I heard it on (so forgive me if my memory is sloppy), but after their latest quarterly report didn't CAC payback go from 24 months to something wild like 10 years? Meaning their new ARR add rapidly fell off so quickly, before they adjusted their Sales and Marketing salaries and spending, that it immediately put their unit economics way way way way underwater. So I'd expect at least a big chunk…

Would love that podcast if you’re familiar

I think it was in https://open.spotify.com/episode/75monukXnzL7qRlKVMrIpO?si=f... towards the end. Here’s a summary https://twitter.com/davidsacks/status/1598076726671642624?la...

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

#223

Post by atraac »

unixhero wrote: post #214

Used to implement Salesforce for companies. Loved it, end users and customer mostly loved it.

Is this sarcasm? Because my(and everyone I know) experience is absolutely opposite. Salesforce is a shitshow of old pseudo-Java and pseudo-SQL that lack features and proper support. It lock everything behind rate-limits that require you to swipe company credit card to achieve anything. It's slow(both UI and as a development process), hard to work with, INSANELY expensive, most issues are never resolved, or even answered on their official forums.

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

#224

Post by wintogreen74 »

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.

>> since they’ll have to factor in the risk of paying a hefty severance

Typically there is not a hefty severance paid by most companies though. There's some restructuring costs and lots of disruption though.

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

#225

Post by ghiculescu »

xena wrote: 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.

Salesforce stock is down 45% in the last 12 months. There’s the pay cut.

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

#226

Post by scrumper »

amarento wrote: post #196
manojlds wrote: post #148

Earlier quoted context omitted.

99% literally use literally wrong though.

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

M-x mansplain-pedant-mode

It's "figuratively" or, more... literally, "metaphorically."

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

#227

Post by scrumper »

ramenmeal wrote: post #168
marvel_boy wrote: post #114

Earlier quoted context omitted.

Absolutely, in Roman times 'decimatio' was the punishment for a poor result in battle. The soldiers were obliged to choose one of ten, and kill him.

Seems like the low performers would have been taken care of already from the battle.

Not necessarily. Cowardice is a viable individual survival strategy.

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

#228

Post by creaghpatr »

marvel_boy wrote: post #114
VincentEvans wrote: post #99

I propose the title should be changed to “Salesforce decimates staff as part of restructuring”. :)

Absolutely, in Roman times 'decimatio' was the punishment for a poor result in battle. The soldiers were obliged to choose one of ten, and kill him.

Happened in Mexico too (may have been fictional or based on real events),in a great book I read once: https://www.fantasticfiction.com/b/rick-bass/diezmo.htm

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

#229

Post by mattkrause »

sokoloff wrote: post #173
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?

I like it more than the (admittedly extreme) situation in France. There could be a happy medium, but going far enough down the road to making it hard to fire makes it hard to get hired.

I feel like there's a fairly big difference in effects between:

- "If we hire this specific person, we might be stuck with them for a while" and

- "If we build out this entire department, we can't close it down on a whim"

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

#230

Post by HDThoreaun »

xena wrote: 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.

Because aggressively hiring and then cutting staff when plans change is what the board wants them to do? Anyway, with tech stocks falling off a cliff this year they are taking pay cuts.
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