Salesforce Layoffs: Jobs to be cut at ‘Own’ following $2B acquisition

What’s going on at Salesforce?

Just months after acquiring Own Company (Own) for approximately $2 billion, Salesforce is reportedly planning to cut jobs at the New Jersey-based data management startup.

According to Bloomberg, employees at Own were told during a presentation this week that some roles won’t be required at the end of January.

A spokesperson for Salesforce refused to comment on the workforce reduction.

The company’s multi-billion-dollar purchase of Own marks its second-largest acquisition since Slack in July 2021.

SEE ALSO
• Salesforce kicks off 2024 by eliminating around 700 jobs
• Kinaxis restructures for the second time in 2024, new layoffs
• Dropbox slashing 20% of staff amid ‘softening demand’

Impact on Canadian staff

It remains unclear if Canadian employees at Own will be affected by the workforce reduction.

According to LinkedIn, the company has more than 120 workers in the country.

Your rights

In Canada, non-unionized employees at Own are entitled to full severance pay when they lose their jobs due to downsizing, corporate restructuring, or the closure of the business.

This applies to individuals working full-time, part-time, or hourly in Ontario, Alberta, and British Columbia. In some cases, this can also apply to independent contractors.

Key Severance Facts:

• Severance can be as much as 24 months’ pay—depending on age, length of service, position at the company, and other factors.
• In addition to salary, severance may cover bonuses, commissions, and other compensation.
• You have up to two years from the date of your termination to pursue full severance pay—regardless of any employer-imposed deadlines, which aren’t legally enforceable.

WATCH: Employment lawyer Lior Samfiru explains severance rights if you’ve been downsized on an episode of the Employment Law Show.

Before you sign a severance package

Use our firm’s free Severance Pay Calculator to confirm that the offer you received from your employer is fair.

This interactive tool has helped millions of Canadians determine their severance entitlements.

In the event that your employer’s offer falls short of what our calculator says you’re owed, it’s very likely you’ve been wrongfully dismissed and should contact an experienced employment lawyer at Samfiru Tumarkin LLP.

If you’ve already accepted a severance offer, don’t panic. Connect with a member of our team as soon as possible.

LEARN MORE
• Severance pay for provincially regulated employees
• Rights to severance for tech sector staff
• Are severance packages different during mass layoffs?
• Severance entitlements in a recession

Major layoffs continue

Salesforce’s plan to scale back the staffing levels at Own comes amid a flurry of layoffs in 2024.

Big names, including Rogers, General Motors, Boeing, AMD, Audi, Volkswagen, Mozilla Foundation, Visa, Meta, Nokia, and Deloitte, have pulled out the axe.

SEE ALSO
• Amazon Layoffs: Nearly 14,000 managers could be axed to cut costs
• CareerBuilder + Monster lays off 15% of staff: Report
• Where are layoffs happening in Canada?

Lost your job? Contact us

If you’ve been fired or let go for any reason, contact the experienced employment law team at Samfiru Tumarkin LLP.

Our lawyers in Ontario, Alberta, and B.C. have successfully represented tens of thousands of non-unionized individuals.

In addition to severance package negotiations, we can assist you on a broad range of employment matters, including:

If you’re a non-unionized employee who needs help with a workplace issue, contact us or call 1-855-821-5900 to get the advice you need and the compensation you deserve.

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and should not be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.