Synopsis
Salesforce CEO Marc Benioff announced plans to hire 1,000 graduates and interns to support expanding AI products, countering concerns about AI eliminating entry-level jobs. This hiring initiative follows news of fewer than 1,000 job cuts in February, impacting roles like marketing and product management.Listen to this article in summarized format
Venture capitalist David Sacks said hiring of new graduates has risen by 5.6% over the past year, while unemployment among degree holders aged 20 to 24 has fallen to 5.3% from 8.9%, in response to Benioff’s post on Saturday.
Benioff added that concerns that AI would eliminate entry-level roles were overstated, arguing instead that the technology is creating new opportunities.
However, the hiring push comes amid the news of job cuts by the company surfaced in February this year. The cloud software provider cut fewer than 1,000 roles according to Business Insider, citing people familiar with the matter.
The affected roles included marketing, product management, data analytics and Agentforce AI product, Business Insider said, citing LinkedIn posts and conversations with two employees.
Meanwhile, Salesforce raised its fiscal 2026 revenue and adjusted profit forecasts on anticipating growth in its artificial intelligence agent platform due to strong enterprise demand, sending its shares up more than 2% in extended trading.
In October, Salesforce forecast revenue of more than $60 billion in 2030, above market estimates, as it works to expand adoption of its AI-powered cloud suite, per a report by Reuters.
The company expects fiscal 2026 revenue in the range of $41.45 billion to $41.55 billion, compared with its prior forecast of between $41.1 billion and $41.3 billion.
