Justatitle

Account Executive

SFDC cutting headcount 10%

Suh Fam,

Remember when Stewart Butterfield(ex-slack CEO) abruptly left SFDC, it appears larger things were at play and he was not a fan, SFDC cited that they had overhired in the pandemic and this move will take until 2024 to be completed along with a price tag of 2 billion.

The topic of discussion here is, you admittedly overhired, you saw growth and according to several reports demand for SFDC products is still high, so what changed now? Sorry to any SFDC people affected by this but the whole world seems upside down right now with layoffs and bad news.

Hoping that we start to see changes and more positive news and shortly cause seeing this stuff sucks.

May the odds be in your Favor,

Title

https://www.linkedin.com/news/story/salesforce-announces-big-staff-cuts-5079809/ Salesforce announces big staff cuts | LinkedIn Salesforce, which counts around 80,000 staff, said it hired more people than it needed during the pandemic and had already been hit by changes in customers' spending habits.

🌍 stateof sales 2023

19

38 comments

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CuriousFox

WR Officer

7

🦊

This include everyone under the SFDC umbrella ie Tableau, Mulesoft, etc.?

Sunbunny31

Politicker

5

Sr Sales Executive 🐰

Did you notice that they will get a minimum of 5 mos salary? I mean, it's sad that they're being let go, but that is really generous.

Justatitle

Big Shot

1

Account Executive

i wasn't sure the specifics of severance but that is a great saving face move by SFDC. 5 Months should be enough time to find something new for sure.

Sunbunny31

Politicker

2

Sr Sales Executive 🐰

I’ve seen part of the communication from Benioff, and it’s also compassionate. It’s a pretty generous package.

Justatitle

Big Shot

1

Account Executive

He is a good person, inevitably it still sucks.

Sunbunny31

Politicker

2

Sr Sales Executive 🐰

Oh, absolutely. But 5 mos and some compassion beats "you all suck so get lost" which we pretty much saw from another would-be genius.

Justatitle

Big Shot

1

Account Executive

Yeah, it’s not even the end though, their Q4 ends at the end of January and then reps get the proverbial axe… it’s ugly.

Justatitle

Big Shot

2

Account Executive

I am assuming it will, there weren't many specifics in the article however it seems like the grim reaper is coming for roles across the umbrella.

CuriousFox

WR Officer

4

🦊

Damn that licks. I think they are in their Q4 now?

Justatitle

Big Shot

1

Account Executive

Yeah, not sure their quarter cycle however I think their quarter ends at the end of January and doesn't follow the fiscal year.

Wolf

Opinionated

1

Commercial Account Executive

That would be correct, the year end is at the end of this month. There are likely more cuts to come as this most recent 10% was only within AMER.

FarmingU

Politicker

3

Account Manager

7000 savages.Hope some of them are in Bravado!

Justatitle

Big Shot

1

Account Executive

I don't know that this is all sales, they already chopped Sales headcount a few months ago and I believe this will be wider in the organization, I imagine that recruiters, IT, Marketing will all be reviewed and determine which positions are critical vs not.

TennisandSales

Politicker

3

Head Of Sales

yeahhh this sucks. im also really confused on how they over hired.....by 7,000 people??? idk i know they are huge but thats a massive number.

Justatitle

Big Shot

3

Account Executive

The thing about a publicly traded company is that their responsibility to the shareholders will often outweigh their responsibility to the employees. I don't like the harsh truth any more than others but that is the reality. how do you boost the stock price? increase profits, easiest way to increase profits? Cut down headcount and cash burn. Ain't that a B*tch

Blue_Turtle

Opinionated

1

sdr

It’s a temporary increase though, and don’t forget that the biggest shareholders are the executives and board. They all want their payouts.

antiASKHOLE

Tycoon

3

Bravado's Resident Asshole

This is nuts

Justatitle

Big Shot

0

Account Executive

squirrels are nuts this is asinine... Ok dad joke for the day.

sketchysales

Politicker

3

Sales Manager

mental. Absolutely mental.

Justatitle

Big Shot

0

Account Executive

This reminds me of George talking to seinfeld, or at least I read it in his tone of voice.

saaskicker

Celebrated Contributor

3

Enterprise AE

Read somewhere that there's a herd mentality about layoffs. Once a company starts the wave, many will follow suit for whatever reason. Just hope this wave stops soon for everyone.

ChumpChange

Politicker

2

Channel Manager

This isn't news on the "why". It's practically copy pasta statements from other CEOs who also laid off personnel due to the pandemic gold rush. What is news is the number of people that will be impacted and which roles are being impacted.

Justatitle

Big Shot

0

Account Executive

Yeah, I mean the why is verbatim what others have said. The real reason is what I am more interested in as opposed to exec jargon. I really hope the people that are watching this remember it when they get calls from companies for roles, when the company treated people badly.

Kosta_Konfucius

Politicker

2

Sales Rep

Its crazy to think they over hired that much, maybe they assumed they would be constantly losing people also. So they were back-filling before people even left?!

Its really crazy to see this stuff going on.

Justatitle

Big Shot

1

Account Executive

We could speculate for hours and never know. Hindsight is 20/20 unfortunately

activity

Politicker

1

VP, Business Development

Good luck to anyone at SFDC. I'm sure you will land somewhere quickly.

Sunbunny31

Politicker

1

Sr Sales Executive 🐰

This is really hard to hear, mostly because of the high number of people affected. I'm sorry to hear it.

ThatNewAE

Big Shot

1

Account Executive - Mid enterprise

Happy new year, it seems!
It's the story of every organization right now. Overhired, overpromised and underperformed. So now they need to cut their workforce short.
Sad.
8000 folks is a huge number.

punishedlad

Tycoon

1

Business Development Team Lead

That's so many people, holy shit. Gross irresponsibility on their part. Sick of people blaming the pandemic for "overhiring." Just admit that you need to reduce your bottom line because the economy is being taken out behind the barn.

TheIncarceration

Politicker

1

SDR Manager

When will these giants start to care about their employees more than their shareholders

Justatitle

Big Shot

0

Account Executive

Not to defend SFDC, they did offer 5 months severance for any employee affected by this.

TheIncarceration

Politicker

0

SDR Manager

That definitely softens the blow. Still a shitty situation overall but I do appreciate that insight

SussDR

Contributor

1

SDR

I’ve heard the 5mo was in the states, but some people in Canada got a few weeks. Still no internal clarity on any of it in terms of who’s on the chopping block or what packages will be handed out

Diablo

Politicker

1

Sr. AE

That’s sad, I have stopped reading such articles. Hope they get some generous severance though

Blue_Turtle

Opinionated

1

sdr

I don’t work there but we’ve seen them fuck with quotas and Salesforce success was always super dependent on territory anyway. Maybe they were always bloated? Still sucks for all the savages out there grinding their asses off and getting laid off.

Ashing

Opinionated

1

Senior Account Executive

I assume they're still about to post record profits at the end of their fiscal to get over the heartburn of a little bad press on layoffs. I hear the severance is above average and at least it's after Christmas.

Justatitle

Big Shot

0

Account Executive

Not sure about record, potentially but there's much wrong in that world right now, customer churn is killing SAAS across the board.

CadenceCombat

Tycoon

0

Account Executive

yikes

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