How Salesforce layoffs at Israeli co it acquired signals a strategy ‘shift’

Salesforce is laying off some employees at Own, an Israeli cloud backup company it recently acquired for $2 billion. The job cuts, impacting roles deemed non-essential “post harmonization,” signal a shift towards cost-efficiency at Salesforce. This move comes after activist investor pressure and a previous round of layoffs, indicating a more cautious approach to growth and acquisitions.