Salesforce to Lay Off 10% of Workforce, Reduce Offices

3 weeks ago 72

Salesforce Inc. is laying off 10% of its workforce and reducing its office space in certain markets, the latest tech company cutting back after a pandemic-fueled growth spurt.

The company disclosed the restructuring plan Wednesday in a filing with the Securities and Exchange Commission. It said it will incur about $1.4 billion to $2.1 billion in charges from the plan, with up to $1 billion in the company’s current quarter.

Read Entire Article