E-commerce giant Amazon and business software maker Salesforce are the latest U.S. tech companies to announce major job cuts. Amazon said Wednesday that it will be cutting about 18,000 positions. It's the largest set of layoffs in the Seattle-based company's history, although just a fraction of its 1.5 million global workforce. Salesforce is laying off about 8,000 employees, or 10% of its workforce. Major technology companies are pruning their payrolls that they rapidly expanded during a two-year boom spurred by pandemic lockdown. Meta Platforms announced in November that the Facebook and Instagram owner would by laying off 11,000 employees, or 13% of its workforce.

Business software maker Salesforce is laying off about 8,000 employees, or 10% of its workforce, as major technology companies continue to prune payrolls that they rapidly expanded during a two-year boom spurred by pandemic lockdown. The cuts announced Wednesday are by far the largest in the 23-year history of a San Francisco company founded by former Oracle executive Marc Benioff, who pioneered the method of leasing software services to internet-connected devices — a concept now known as "cloud computing." Benioff blamed himself for the layoffs while lamenting a hiring spree he undertook as Salesforce's revenue accelerated while the pandemic forced employers to allow millions of people to work remotely.

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