Joseph K
Salesforce Under Its Biggest Cloud Yet
Salesforce is hardly the only tech company to have overshot in its postpandemic planning. But the correction still comes at an especially painful time for the cloud software pioneer.
Salesforce announced in a regulatory filing Wednesday morning that it will be laying off about 10% of its employees, which amounts to around 8,000 workers based on the company’s last-reported head count. The company also says it is working to reduce its real estate footprint, though it shared no other details on the latter. Salesforce’s 61-story headquarters completed in 2018 for more than $1 billion has turned into a gleaming landmark among near-empty office spaces in San Francisco’s main business district.
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