Salesforce Plans for Major Layoffs

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	Salesforce Plans for Major Layoffs (protocol.com)
	32 points by mutator 1315 days ago

2 comments

1000 out of ~75k. That's 1% of the workforce. Would you call that "major"?

The article says 2,000 but your point stands that it's a relatively small percentage of the workforce.

However, it's also a large number of people to be put out of jobs before the holidays.

This explains why the stock price went up by almost 5% today.

Of course, judging by their PE ratio of around 150 - it's still being treated like a growth stock.