Salesforce said on Wednesday it would lay off about 10% of its employees and close some offices as a part of its restructuring plan.
Salesforce expects to incur about $1.4 billion to $2.1 billion in charges, of which about $800 million to $1 billion will be recorded in the fourth quarter of fiscal 2023.An employee enters the SalesForce.com Inc. Tower in San Francisco, California, U.S., on Tuesday, Oct. 5, 2021.said on Wednesday it would lay off about 10% of its employees and close some offices as a part of its restructuring plan, becoming the latest company to undertake cost cuts in a challenging economy.
"The environment remains challenging and our customers are taking a more measured approach to their purchasing decisions," Co-Chief Executive Officer Marc Benioff said in a letter to employees.
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