Salesforce is cutting 10% of its personnel, more than 7,000 employees
Publishing timestamp: 2023-01-04 15:53:02
Summary
Salesforce is cutting 10% of its personnel and reducing some office space as part of a restructuring plan due to customers being more "measured" in their buying decisions in a challenging macroeconomic environment. This will result in charges of $1.0 billion to $1.4 billion related to headcount reductions and $450 million to $650 million related to office space reductions. Other major tech companies such as Twitter, Facebook, Amazon, Lyft, HP, and DoorDash have also announced significant cuts to their workforces.
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Keywords: personnel, elon musk, internet, marc benioff, layoffs, enterprise, business news, technology, salesforce inc,