The job cuts, which amount to about 1% of its workforce, follow a series of layoffs last year.

Salesforce is the latest tech company to cut jobs with 700 layoffs, report says::The job cuts, which amount to about 1% of its workforce, follow a series of layoffs last year.

  • farcaster@lemmy.worldEnglish
    17·
    10 months ago

    I think most companies biggest expense is in fact payroll. I would guess that’s especially true in tech. 700 people. Let’s imagine on average each cost the company 100k/year (pay+benefits+taxes+admin+etc). That’s 70 million dollars a year, and probably a very conservative estimate.