Salesforce and Meta are planning to re-hire employees.
The companies fired thousands of employees earlier this year.
Meta fired 10,000 people while Salesforce let go of 7,000 people earlier this year.
At the beginning of this year, tech giants like Microsoft, Google, Amazon, and Meta, among others, laid off employees on a large scale for a number of reasons. While some tech giants admitted that they had over-hired during the pandemic, others simply needed to reduce costs in order to survive. No matter the reason, thousands of employees and their families bore the cost as their lives were massively impacted. Every other day, news of layoffs impacted people and they turned to LinkedIn to share their stories and look for new opportunities. And now, as per reports, some of these companies want to re-hire the employees that they fired earlier.
Companies plan to re-hire employees
According to a report in Business Insider, Meta and Salesforce are planning to bring back the employees that they had hired. The report also quotes Sandra Scuer, a Harvard Business School professor, saying that the companies that didn’t handle layoffs in a proper way will have a harder time in convincing ex-employees to join their organisation again. However, in case of companies that handled layoffs better, the former employees might be willing to return.
Salesforce wants to hire around 3,000 employees after it fired 10 per cent of its workforce in January this year. The company had earlier told Bloomberg that it plans on hiring in departments like sales, engineering, and data cloud teams.
“Our job is to grow the company and to continue to achieve great margins,” Salesforce CEO Marc Benioff had told the publication in an interview and added that they are aware that they will have to hire thousands of people. The company also hosted an event recently where it gave stuffed toys with boomerang shirts to around 50 former employees.
Layoffs at Meta and Salesforce
Meta announced laying off 11,000 people in November 2022. In March this year, the company announced terminating another 10,000 positions. Thus, in total, 21,000 Meta employees lost their jobs in a span of months.
It was also reported that Meta CEO Mark Zuckerberg was called out by many employees as he chose to pay large bonuses to few top executives amidst laying off employees. The Meta CEO responded by saying that he did so because he was happy with their performances in ‘new and expanded roles’. However, the answer didn’t really satisfy employees.
Salesforce, on the other hand, announced its decision to let go of 10 per cent of its workforce in January this year. CEO Marc Benioff, in a letter to employees, wrote, “The environment remains challenging and our customers are taking a more measured approach to their purchasing decisions. For those who will be leaving Salesforce, our priority is to fully support them, including by offering a generous package. In the U.S., affected employees will receive a minimum of nearly five months of pay, health insurance, career resources, and other benefits to help with their transition. Those outside the U.S. will receive a similar level of support, and our local processes will align with employment laws in each country.”
After announcing the first round of layoffs, the Salesforce CEO revealed in an interview with The New York Times that he went on a 10-day digital detox trip to his favourite place, French Polynesia.
Additionally in August, Salesforce laid off some employees based in Ireland, from Sales and Customer Success teams.