Salesforce new layoffs amid AI concerns

Salesforce>>> has conducted a new round of layoffs, impacting 86 employees across various departments, including those working on its Salesforce AI product, Salesforce — MuleSoft IT integration tool, and Selligent Marketing Cloud software. This follows an earlier round of job cuts in January. The layoffs are attributed to ongoing restructuring efforts and investor concerns that advanced AI models could replace traditional software offerings, which has caused Salesforce>>>'s stock to fall by over 30% this year. Despite these challenges, Salesforce>>> is aggressively investing in its own AI offerings, with Salesforce recently achieving $1 billion in annualized revenue. The affected employees in United States — California will remain on payroll until August 7 and are eligible for severance packages based on job level, tenure, and age, with some receiving up to 30 weeks of base pay and extended healthcare coverage.