Salesforce’s Benioff pledges no ‘significant’ layoffs for 90s days
|TechCrunch 26 Mar 2020 at 12:44|
The same day, he posted another tweet pledging to not make any “significant” layoffs for 90 days.” When TechCrunch asked Salesforce to comment on the difference between the two tweets, the company chose not to comment any further on the matter and let the tweets stand on their own.
Salesforce is pledging to its workforce Ohana not to conduct any significant lay offs over the next 90 days. We will continue to pay our hourly workers while our offices are closed. We encourage our Ohana to pay their own personal hourly workers like housekeepers & dog walkers.
It sounds like Benioff’s second tweet, which also asked employees to consider paying their own hourly workers like housekeepers and dog walkers throughout the layoff period whether they were working or not, was designed to give the CEO some wiggle room for at least some layoffs.
Salesforce is a wildly successful company. It celebrated its 20th anniversary last fall and has grown from pesky startup to a software behemoth with for FY2021. It’s currently got almost $8 billion in cash-and-equivalents-on-hand. Certainly companies who use Salesforce’s products will continue to need them, even with the workforce at home.
While it could have an impact on that projection for FY2021 and its ability to land new customers this quarter, it seems like it has the money and revenue to ride out the situation for the short term without making any moves to reduce headcount at this critical time.