IBMers say cuts are in addition to those announced in January
Blames poor economy and over-hiring during the pandemic
A 10% cut to Salesforce's global workforce
Larry Ellison’s total compensation grew by about 12 times the amount seen the year prior.
"I take responsibility for choosing to grow our team faster... And now, I also own the decision to become more focused - resulting in this layoff," says CEO Jeff Lawson.
CEO Marc Benioff said, "There is no lifetime employment at Salesforce."
Cuts due to a lack of new projects and investors being more cautious