Joseph K
Questions Over Marketplacer, As Salesforce Axes Aussie VC Arm
US software giant Salesforce started the year by announcing roughly 7,000 vacancies, with its Australian venture capital operations having been destroyed by the job losses.
The AFR reports that Mike Ferrari, who heads up Salesforce Ventures in Australia, was among those made redundant during the cull, which wiped out 10 per cent of the company’s global workforce.
Salesforce Ventures entered the Australian market in 2019, with a view to invest $50 million in local start-ups.
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