From the Liveblog of
Wednesday, January 4, 2023
Israeli tech workers to get hit by Salesforce, Kaltura layoffs
Add ToI as a Preferred Source on GoogleSalesforce is laying off about 10 percent of its workforce in the latest round of job cuts in the tech industry, with dozens of Israeli workers expected to be affected.
The San Francisco cloud computing software company will also be closing some offices, according to a regulatory filing Wednesday.
Salesforce maintains three offices in Israel, employing some 700 people, some of whom are expected to be laid off. The company employs nearly 80,000 worldwide.
“The environment remains challenging and our customers are taking a more measured approach to their purchasing decisions,” CEO Marc Benioff says in a letter to employees. “With this in mind, we’ve made the very difficult decision to reduce our workforce by about 10%, mostly over the coming weeks.”
Benioff says employees being released will receive nearly five months of pay, health insurance, career resources, and other benefits.
Kaltura, an Israeli-founded video software company now based in New York, has also announced that it will be laying off 11 percent of its employees. That includes 39 Israel-based workers, according to Calcalist.
The company says in an SEC filing that the move is planned “to further increase efficiency and productivity, in reaction to the current macroeconomic climate.”
The Times of Israel Community.