Salesforce Plans for Major Layoffs

protocol.com

32 pointsmutator3 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.