Tech firms got hypnotised during COVID: Salesforce CEO on layoffs

Salesforce CEO Marc Benioff was asked about the reason behind layoffs in the technology industry after COVID-19, to which he said, "I think everyone got hypnotised during the pandemic that that was what the future was going to look like." "Companies were too optimistic, including ours," he stated. "And when the pandemic was over, there was a snapback," he added.