One day, a redundancy plan in an American tech company. It is this time the turn of Salesforce, which announced Tuesday the dismissal of several hundred employees.
The era of growth at all costs and record results almost every year seems well and truly over in the world of tech. If the software publisher does not lay off in the same proportions as Meta or Twitter, this decision is part of a broader context of lowered ambitions for the giants of new technologies.
The case of Salesforce
Salesforce’s financial situation does not appear to be as worrying as other companies that are accompanying it in this general trend of downsizing. But the arrival of a new investor in the capital of this software publisher as well as an internal audit pointed to the need for the company to reduce its operating costs. In front of a panel of investors, the company’s financial director announced that she was aiming for an operating income of 50 billion dollars by 2026, and a margin of 25%.
A result which, according to the decision-makers, could only be achieved by reducing costs. Starting with the most obvious of them, wages. This redundancy plan, however, is not really comparable to other players in the sector who have laid off en masse in recent weeks. The company, without giving an exact figure, assures that less than 1,000 employees have been laid off, while its total workforce has reached 73,000 people.
Innovative and unique companies? more really
It’s been years of uninterrupted growth as genius entrepreneurs revolutionize the world of tech every year, justifying ever-growing fortunes and no sharing of wealth with their workers. With the same rationale as companies that have been around for decades: the investors take all the risk, not the employees. Apart from that of signing in a tech company where, past the doors of the board of directors, any seat is ejectable, and each employee at the mercy of a bad quarter.
The image of the ICT giants as separate and innovative companies has definitely faded and, realizing that a business model based on infinite growth is not tenable in a finite world, here they are falling into line. And now, as in any large group, it is the employees who pay for the poor financial results.
Source : TechCrunch
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