Cost cutting is a big part of what these firms want, and that often comes at the cost of employee job culling. The company, which announced an agreement with Elliott Management in which the activist firm has agreed to withdraw its slate of nominees to the company board of directors, has been dogged by four other activists in addition to Elliott.
Milham said the company is working with Bain and Company and they are waiting on the management consultants' advice on how to proceed. Driving efficiency is corporate speak for cutting more jobs as lower payroll should mean lower operational costs, hence more efficiency. "The structure of the organization - if we feel like it needs to change and reshape - we’re going to make those moves to drive the efficiencies,” Milham told Bloomberg. If the layoffs happen, it would come on top of the 10% cut in January. On Friday, Bloomberg reported that more layoffs could be on the way at Salesforce, quoting chief operating officer Brian Millham, who indicated that the company could be adding to the ongoing job cutting at the CRM leader and in tech in general.
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