https://www.businessinsider.com/salesforce-layoffs-employees-describe-a-week-from-hell-2023-1 Link to bypass paywall - https://archive.ph/qLqmY
Paywall
It probably means that not all 10% who were targeted to be let go on Wednesday has been informed that they’re impacted.
One thing that’s often not addressed here. Higher leadership is largely immune from accountability and impact of their mistakes or even the macro economy. This is why, so many of us are so obsessed with going up the tank. Tc is sure a factor, but during times like these , it does allow you to be less vulnerable.
How are they immune from accountability? What gives you this idea? The board holds executives accountable, as do shareholders. The executives are mostly compensated in stock as well, so if they fuck up the stock performs poorly and they lose a lot of money. Shareholders and board members want the company to provide a good return on investment. If executives are failing to make this happen, they will be replaced.
Ohana
Ducking ohana indeed
I remember them selling ohana when I interviewed there
So for all the tech layoffs which have happened, is it because they want to pacify investors or they just over hired assuming market will continue to rally? With the insane amount of TCs offered in last 2 yrs, this was in the works but are these jobs truly gone or are they being outsourced to low cost regions?
Wait so these layoffs were performance based?
Not performance based. A lot of top performers were impacted.
Oh I quickly peruse through the article but it said something like that the managers were asked to rank their employees
Looks like CEO is an a**hole.
Some experience from the Meta layoffs: WSJ= Credible information BI= Tabloid garbage
Just cut all us employees and hire in India!
Why can't Indian entrepreneurs build their own CRM company? That's a win-win.
They are actually