Salesforce Inc., a leading cloud computing company, is making a strategic move to bolster its workforce after a recent setback. According to a report by Bloomberg News, the company is in the process of hiring 3,300 professionals across various domains such as sales, engineering, and cloud departments.
During an interview at Salesforce’s annual Dreamforce conference, Chief Executive Marc Benioff emphasized the need for a substantial recruitment effort in order to fuel the company’s growth and maintain impressive profit margins. Benioff mentioned that many of the newly hired employees will be “boomerangs,” referring to former Salesforce staff who have previously ventured elsewhere.
Earlier this year, Salesforce faced the challenging decision of laying off approximately 10% of its workforce, translating to around 8,000 jobs. This measure was taken as a corrective step after Benioff acknowledged that the company had overexpanded during the pandemic years.
Despite the setback, Salesforce’s stock performance has been noteworthy, with a remarkable 65% increase year-to-date. This achievement stands in contrast to the S&P 500’s more modest 17% gain.
Also see: Salesforce kicks off Dreamforce with products to leverage AI while protecting customer data