Salesforce to cut 10% of its workforce, pare offices as sales slow

Salesforce, the largest private-sector employer in its hometown of San Francisco, has almost tripled its workforce in the past four years

Salesforce Inc. said it would cut about 10% of its workforce and reduce its real estate holdings after the enterprise software company hired too many people during the pandemic-fueled boom and is now adjusting to more cautious spending by its customers. 

The company, which has about 80,000 employees, said in a regulatory filing on Wednesday that it aims to complete the workforce restructuring by the end of fiscal 2024. The reductions will cost Salesforce $1.4 billion to $2.1 billion, the company said. As much as $1 billion of that will come in its fiscal fourth quarter. 

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