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- Salesforce’s employee count increased to 72,682 in the fourth quarter of fiscal 2024.
- Last year, the company laid off 10% of its nearly 80,000 employees.
- CEO Marc Benioff said the company plans to hire 3,000 people to increase its focus on AI.
Just over a year after Salesforce laid off nearly 10% of its workforce, the company’s workforce is slowly starting to recover.
The enterprise software company reported 72,682 employees as of Jan. 31, up from 70,843 at the end of the previous quarter, according to a Form 8-K filed with the SEC this week.
Salesforce CEO Marc Benioff previously said the company plans to hire more people as it shifts its focus to generative artificial intelligence. He has even encouraged former employees, or “boomerangs” as he calls them, to come back.
“We’re investing in the most productive areas: AI and data,” CFO Amy Weaver said on a fourth-quarter earnings call with investors this week.
Salesforce will lay off about 8,000 people in 2023 as part of a broader restructuring aimed at boosting profitability. The company reported a non-GAAP operating margin of 30.5% for the fiscal year, which is above the 30% threshold demanded by activist investors.
Weaver said new hires are being added to Salesforce in “cost-effective ways,” such as recruiting from regions where “talent is abundant and the cost of living is low.”
If that sounds familiar, that’s because it might be.
In late 2022, Business Insider reported that Oracle (the software company where Benioff started his sales career and which is still helmed by his mentor Larry Ellison) has expanded to include New York and San Francisco. It was reported that they have begun avoiding employment in cities known for their high salaries.
Do you work at Salesforce and want to share a tip with this reporter? Contact Ellen Thomas at encrypted messaging app Signal at +1-929-524-6964 or ethomas@insider.com.
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