Salesforce has announced drastic restructuring plan to cut 10 percent of its workforce at a cost of around $1.4 billion to $2.1 billion.
The CRM giant employs around 73,000 people, so the restructuring plan announced to the US Securities and Exchange Commission [PDF] this morning could see 7,000 jobs go. Meanwhile, the SaaS specialist plans “select real estate exits and office space reductions within certain markets.”
The announcement said the plans were “intended to reduce operating costs, improve operating margins, and continue advancing the Company’s ongoing commitment to profitable growth.”
Salesforce estimated the plans would cost between $1.4 billion to $2.1 billion in charges, with $800 million to $1 billion scheduled to fall i…
Read the full article at: https://www.theregister.com/2023/01/04/salesforce_7000_job_cuts/