Jan 05, 2023 11:02:00

Salesforce announces that it will dismiss about 10% of employees and close some offices

by

ajay_suresh

Salesforce , a leading cloud-based customer relationship management (CRM) solution service, has announced that it will dismiss about 10% of its employees and close some offices. The company's CEO, Marc Benioff, has attributed the layoffs to a 'surge in workforce and difficult economic climate.'

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https://www.sec.gov/ix?doc=/Archives/edgar/data/1108524/000110852423000003/crm-20230104.htm

Salesforce Plans 10% Job Cuts, Saying It Hired Too Many People (NYSE:CRM) - Bloomberg
https://www.bloomberg.com/news/articles/2023-01-04/salesforce-plans-to-cut-10-of-jobs-after-customers-pull-back

Salesforce to cut 10% of workforce after hiring 'too many people' | Reuters
https://www.reuters.com/technology/salesforce-cut-staff-by-10-close-some-offices-2023-01-04/

Salesforce CEO Benioff announced in a Jan. 4, 2023 letter to employees that the company will lay off about 10% of its workforce and close some offices over the next few weeks. Benioff also said, ``We hired too many employees in the early days of the new coronavirus epidemic.'' It is because it has become

Through dozens of acquisitions, including the acquisition of team communication tool Slack in 2021, Salesforce tripled its workforce in the four years to 2022. As of November 2022, Salesforce has approximately 80,000 employees worldwide.

by Thomas Hawk

According to Salesforce's filings with the U.S. Securities and Exchange Commission regarding employee layoff plans, layoffs are expected to cost between $1.4 billion and $2.1 billion. I'm here. Approximately $1 billion (approximately 131.7 billion yen) of that will be booked in the fourth quarter of 2022.

At Salesforce, Mark Nelson, CEO of Tableau Software , a software company that was acquired, resigned in December 2022, and Slack's Stewart Butterfield also announced his resignation. increase. In addition, Salesforce co-CEO Brett Taylor has announced his resignation as of January 31, 2023.

``Employee layoffs are expected to be completed by the end of fiscal 2024, with some office closures expected to be completed in fiscal 2026,'' Salesforce said in a statement.