Amid record stock sales and a new acquisition, Salesforce is notifying employees of job cuts.

About 1,000 of Salesforce’s employees are affected. Employees were told they have 60 days to find a new role in the company.

“We’re reallocating resources to position the company for continued growth,” Salesforce said in a statement to USA TODAY. “This includes continuing to hire and redirecting some employees to fuel our strategic areas, and eliminating some positions that no longer map to our business priorities. For affected employees, we are helping them find the next step in their careers, whether within our company or a new opportunity.”

Salesforce has about 49,000 employees, and those affected by the reallocation will be provided outplacement services to find a new role in the company or elsewhere.

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On Wednesday morning Salesforce shares surged around 29%, leading the S&P 500 stock exchange. As of the afternoon, shares were trading at $269.69.

The customer relationship management software company surpassed Wall Street estimates on quarterly results, as more businesses seek to hold onto their customers through digital means.

Earlier this month, Salesforce finalized its acquisition of the analytics platform Tableau.

“Together we can transform the way people understand not only their customers, but their whole world – delivering powerful AI-driven insights across all types of data and use cases for people of every skill level,” said Marc Benioff, chairman and co-CEO of Salesforce, in an August 1 press release.

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