Adriana Jaycie
Active member
The acquisition of Tableau by Salesforce last August and resulting merge with the company in May have led to the Salesforce layoffs of many of its employees. While Salesforce has a reputation for cutting jobs, this move may be a temporary solution to cut costs and streamline operations. The Seattle-based company had about 10,000 employees in December and is down to fewer than 5,000 now. In addition, the company's workforce is not expected to grow much further in the years ahead, as more companies have to change their work schedules.
BlockFi
Coinbase CEO Brian Armstrong has faced criticism for telling dissatisfied employees to quit and rescinded over 300 job offers. The cryptocurrency exchange has also rescinded more than 300 job offers last week. Leaving vulnerable hires in limbo, Armstrong said the firm is reevaluating its priorities. It's unclear if this is a permanent move or a temporary one.
Uber
While both Uber and Salesforce have slowed hiring, the reasons for the pause are not the same. Uber CEO Dara Khosrowshahi told staffers in a companywide email that the company will be selective in the types of positions it hires. Her company will focus on cash generation, not on laying off employees. While she praised the tone of the email, other staffers questioned her intentions, citing inconsistencies in language. She also noted that she did not brief all of her direct reports and that some senior leaders weren't prepared to answer questions from staff.
Getir
Getir, a $12 billion company, plans to axe 14% of its global workforce. Layoffs have caused a whiplash effect for Getir employees. Employees are furious, uncertain, and unsure about the future of their jobs. The company had recently raised a huge amount of venture capital in 2020 and 2021 and had grown to employ 32,000 people in nine markets. Getir will lose 4,480 jobs, or 14 percent of its total workforce.
Klarna
If Klarna is indeed in trouble, it's not because of its recent failure, but because of the recent volatility in the financial markets. The company has been under intense pressure from investors, and its stock price has fallen nearly 70 percent since early January. It's also struggling to raise new capital on terms it managed early in the pandemic. According to the Wall Street Journal, Klarna's post-money valuation is in the low $30 billion range. While this estimate is only speculation, people familiar with the company's recent struggles have confirmed it.
Gorillas
It's too early to predict whether or not Salesforce will lay off any more employees in 2022, but we can speculate about the future. The Bay Area-based tech giant has been one of the most aggressive recruiters and has invested heavily in workforce development initiatives. It's possible the company could have planned for the layoffs in August 2020, which is when the tech industry's pandemic hit. If so, that would be a large blow for the stock.
BlockFi
Coinbase CEO Brian Armstrong has faced criticism for telling dissatisfied employees to quit and rescinded over 300 job offers. The cryptocurrency exchange has also rescinded more than 300 job offers last week. Leaving vulnerable hires in limbo, Armstrong said the firm is reevaluating its priorities. It's unclear if this is a permanent move or a temporary one.
Uber
While both Uber and Salesforce have slowed hiring, the reasons for the pause are not the same. Uber CEO Dara Khosrowshahi told staffers in a companywide email that the company will be selective in the types of positions it hires. Her company will focus on cash generation, not on laying off employees. While she praised the tone of the email, other staffers questioned her intentions, citing inconsistencies in language. She also noted that she did not brief all of her direct reports and that some senior leaders weren't prepared to answer questions from staff.
Getir
Getir, a $12 billion company, plans to axe 14% of its global workforce. Layoffs have caused a whiplash effect for Getir employees. Employees are furious, uncertain, and unsure about the future of their jobs. The company had recently raised a huge amount of venture capital in 2020 and 2021 and had grown to employ 32,000 people in nine markets. Getir will lose 4,480 jobs, or 14 percent of its total workforce.
Klarna
If Klarna is indeed in trouble, it's not because of its recent failure, but because of the recent volatility in the financial markets. The company has been under intense pressure from investors, and its stock price has fallen nearly 70 percent since early January. It's also struggling to raise new capital on terms it managed early in the pandemic. According to the Wall Street Journal, Klarna's post-money valuation is in the low $30 billion range. While this estimate is only speculation, people familiar with the company's recent struggles have confirmed it.
Gorillas
It's too early to predict whether or not Salesforce will lay off any more employees in 2022, but we can speculate about the future. The Bay Area-based tech giant has been one of the most aggressive recruiters and has invested heavily in workforce development initiatives. It's possible the company could have planned for the layoffs in August 2020, which is when the tech industry's pandemic hit. If so, that would be a large blow for the stock.
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