Salesforce Cuts 10% of Its Workforce

Salesforce Cuts , 10% of Its Workforce.
Yahoo Finance reports that the software company made the announcement on Jan. 4.
Salesforce CEO Marc Benioff also revealed that the company will reduce office space and get rid of various real estate.
Salesforce CEO Marc Benioff also revealed that the company will reduce office space and get rid of various real estate.
I’ve been thinking a lot about how we came to this moment, Marc Benioff, Salesforce CEO, via statement.
As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that, Marc Benioff, Salesforce CEO, via statement.
The company expects the changes
to cost $1.4 billion to $2.1 billion.
Yahoo Finance reports that Salesforce shares rose 2.5% in pre-market trading. .
While speaking at Salesforce's Dreamforce conference in September, Benioff said the company cares about investors' concerns.
For us, I think that the market doesn't fully appreciate how committed we are to growth and margins, Marc Benioff, Salesforce CEO, via statement.
Salesforce aspires to reach a
25% operating margin by 2025