Salesforce to cut 1,000 roles, Bloomberg News reports

(Reuters) -Salesforce is cutting more than 1,000 jobs as it simultaneously hires workers to sell new artificial intelligence products, Bloomberg News reported on Monday.

Displaced workers will be able to apply for other jobs internally, the Bloomberg report said, citing a person familiar with the matter.

The report also added that it couldn’t be determined which divisions the reductions were focused on.

Salesforce did not immediately respond to a Reuters request for comment.

The customer relationship management software maker had 72,682 employees as of Jan. 31, 2024, it said in its annual report.

In December last year, CEO Marc Benioff said that Salesforce has closed more than 1,000 paid deals for “Agentforce,” its platform for creating AI-powered virtual representatives.

The Wall Street Journal reported in January 2024 that Salesforce was laying off about 700 employees. Bloomberg News also reported later in July 2024 that the company cut about 300 more jobs.

Salesforce is set to report its quarterly earnings on Feb. 26.

(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Alan Barona)