Salesforce to Hire 3,300 People After Layoffs Earlier This Year

https://www.bloomberg.com/news/articles/2023-09-14/salesforce-to-hire-3-300-in-sales-engineering-data-after-earlier-job-cuts

by toomuchtodo • 3 years ago

53 23 3 years ago

bloomberg.com

toomuchtodo• 3 years ago

https://archive.ph/kSEHy

pcurve• 3 years ago

"Many of the hires will be “boomerangs,” or people who worked at Salesforce before going to a different company, Benioff said. Attracting boomerangs is a new success metric for the company, he added."

consoomer• 3 years ago

A great way to increase your boomerangs is to lay off more people and send out more job offers a few months later.

akomtu• 3 years ago

The way it sounds is Salesforce sold 5,000 tons of grains a few months ago, and now its buying 3,300 tons back.

denimboy• 3 years ago

Sell 5500 to depress the market and then buy back at depressed price.

shostack• 3 years ago

Right, the question will be how much are they paying these people compared to what they made previously.

mirzap• 3 years ago

I don't think anyone will come back for less than they had before. In fact, they might ask for at least 30% more.

randomdata• 3 years ago

Sell high, buy low.

xenonite• 3 years ago

On the other hand, they avoided holding cost.

helsontaveras18• 3 years ago

Is this out of a Silicon Valley episode? “It’s okay—comeback” after getting laid off? Alumni event?

Everything is upside down.

devoutsalsa• 3 years ago

There’s still some one chilling on the roof being paid not to work.

suprjami• 3 years ago

I would not trust a $31B company who fired me when times temporarily got slightly tough. They'll do it again at the drop of a hat.

sneak2• 3 years ago

Why would you trust any company at all, ever?

No job this week guarantees a job next week, unless you have a termination clause and a defined monetary penalty. Anything else is wishful thinking.

Where does the idea that either party to the transaction has some implicit future commitment to the other come from? It seems to me like an anachronism from a hundred years ago.

People regularly switch jobs annually to make sure their compensation is in line with the market. Should we expect companies not to do the same when market conditions change?

mawadev• 3 years ago

That is true, but some companies are more trigger happy and even more unstable than others. So just switching jobs, even if the pay is better, may not be a better deal overall or long term.

runarberg• 3 years ago

Trading of a worker’s labor to a company is not a fair deal between two equal parties. The power imbalance between a company and a worker is massive. Which is why many labor contracts have an end clause and mass layoffs are banned or heavily penalized in the same contracts (sometimes even directly by the state in some jurisdictions).

This is where the idea that either party to the transaction has some implicit future commitment to the other come[s] from. In many (most?) labor contracts this commitment by the company to keep their workers after they’ve been hired—unless a termination is justified by a good and demonstrable reason—is codified in a contract between the company and a labor union. It is not “an anachronism from a hundred years ago” it is very much a reality of today (at least for unionized workers).

The idea that companies and workers are equal parties and we should expect similar behavior between them is a flawed logic that assumes idealism only asserted by free market capitalism and has never been demonstrated in the real world. Unlike layoff protections, which have been in used continuously for over a century, and has very much proven its worth.

P_I_Staker• 3 years ago

Yeah, but the checks start clearing again, right now.

zwaps• 3 years ago

Who would do this?

ulfw• 3 years ago

Terribly run company.

gmerc2• 3 years ago

at 15-20% reduced pay

ChiMan• 3 years ago

Why haven't Benioff and crew been fired? Layoffs nearly always demonstrate errors in the judgment of the executives who did the hiring in the first place. And now the massive new hiring shows yet another error in the layoffs. It's just one screwup after the next.

Salesforce to Hire 3,300 People After Layoffs Earlier This Year

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