Salesforce plans to cut about 10% of workforce

Salesforce plans to cut about 10% of its workforce and reduce its office footprint, the company announced on 4 January.

Photo: Anthony Quintano, “Salesforce Logo Building New York City” (2022). CC BY 2.0. Resized; responsive crops.

In a letter to employees, Marc Benioff said most reductions would come over the following weeks. He accepted responsibility for hiring too quickly during the pandemic as customers became more cautious about spending.

The SEC filing also outlines property exits and smaller offices in selected markets. Salesforce estimates restructuring charges of $1.4 billion to $2.1 billion. The workforce measures remain subject to local law and consultation requirements.