Salesforce cuts about 1,000 jobs even as stock has record one-day surge – CNBC
Salesforce is cutting about 1,000 jobs, or close to 2% of its workforce, after a blowout earnings report pushed the stock up 26% to a record valuation on Wednesday.
“We’re reallocating resources to position the company for continued growth,” a spokesperson confirmed in a statement to CNBC. “This includes continuing to hire and redirecting some employees to fuel our strategic areas, and eliminating some positions that no longer map to our business priorities.”
Employees affected by the cuts are…