Salesforce won't hire more engineers in 2025 due to AI tools
SMRTR summary
Salesforce CEO Marc Benioff announced a 30% productivity boost from AI coding tools, leading to a halt in engineer hiring for the year. The company reported Q4 revenue of $9.99 billion, up 8% year-on-year, but slightly below expectations. Salesforce's fiscal 2026 revenue guidance of $40.5-40.9 billion also fell short of analyst estimates. The company is seeing early adoption of Agentforce, its AI application for employee and customer support, with revenue impact expected to grow in fiscal 2027.
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