Briefing

Salesforce is laying off employees a day after reporting record sales

The cloud computing company is laying off 165 of its San Francisco employees; the cuts are expected to impact around 1,000 of its 50,000 employees in total. The news came as Salesforce’s stock was up more than 25 per cent Wednesday after it reported that its overall revenue grew 29 per cent year over year in its second fiscal quarter. (San Francisco Chronicle, Financial Times)

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