Salesforce to Cut Workforce By Around 10%

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Salesforce to Cut Workforce By Around 10%

Seeking Alpha2023-01-04

Salesforce (CRM) said Wednesday it is embarking on restructuring that includes laying off about 10% of its workforce.
CRM rose 1.8% in premarket trading.
"As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that," co-CEO Marc Benioff wrote in a letter to employees.
CRM will also exit real estate and reduce office space in some markets.
"The Company estimates that it will incur approximately $1.4 billion to $2.1 billion in charges in connection with the Plan, of which approximately $800 million to $1.0 billion is expected to be incurred in the fourth quarter of fiscal 2023," Salesforce (CRM) said.
Affected employees will receive an email within an hour of the announcement, Benioff said.

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LL25
·2023-01-04
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moonbiscuit
·2023-01-04
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Khoo12
·2023-01-04
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSalesforce to Cut Workforce By Around 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-04 19:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3921813-salesforce-to-cut-workforce-by-around-10><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Salesforce (CRM) said Wednesday it is embarking on restructuring that includes laying off about 10% of its workforce.CRM rose 1.8% in premarket trading.\"As our revenue accelerated through the pandemic...</p>\n\n<a href=\"https://seekingalpha.com/news/3921813-salesforce-to-cut-workforce-by-around-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRM":"赛富时"},"source_url":"https://seekingalpha.com/news/3921813-salesforce-to-cut-workforce-by-around-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144196920","content_text":"Salesforce (CRM) said Wednesday it is embarking on restructuring that includes laying off about 10% of its workforce.CRM rose 1.8% in premarket trading.\"As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that,\" co-CEO Marc Benioff wrote in a letter to employees.CRM will also exit real estate and reduce office space in some markets.\"The Company estimates that it will incur approximately $1.4 billion to $2.1 billion in charges in connection with the Plan, of which approximately $800 million to $1.0 billion is expected to be incurred in the fourth quarter of fiscal 2023,\" Salesforce (CRM) said.Affected employees will receive an email within an hour of the announcement, Benioff said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9950715413,"gmtCreate":1672836774533,"gmtModify":1676538744815,"author":{"id":"3564738902623228","authorId":"3564738902623228","name":"Khoo12","avatar":"https://static.tigerbbs.com/a1637796379aeed1538616117eb09330","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3564738902623228","authorIdStr":"3564738902623228"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9950715413","repostId":1144196920,"repostType":4,"repost":{"id":"1144196920","kind":"news","pubTimestamp":1672832839,"share":"https://ttm.financial/m/news/1144196920?lang=&edition=full_marsco","pubTime":"2023-01-04 19:47","market":"us","language":"en","title":"Salesforce to Cut Workforce By Around 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=1144196920","media":"Seeking Alpha","summary":"Salesforce (CRM) said Wednesday it is embarking on restructuring that includes laying off about 10% ","content":"<html><head></head><body><ul><li>Salesforce (CRM) said Wednesday it is embarking on restructuring that includes laying off about 10% of its workforce.</li><li>CRM rose 1.8% in premarket trading.</li><li>&#34;As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that,&#34; co-CEO Marc Benioff wrote in a letter to employees.</li><li>CRM will also exit real estate and reduce office space in some markets.</li><li>&#34;The Company estimates that it will incur approximately $1.4 billion to $2.1 billion in charges in connection with the Plan, of which approximately $800 million to $1.0 billion is expected to be incurred in the fourth quarter of fiscal 2023,&#34; Salesforce (CRM) said.</li><li>Affected employees will receive an email within an hour of the announcement, Benioff said.</li></ul></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Salesforce to Cut Workforce By Around 10%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSalesforce to Cut Workforce By Around 10%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-04 19:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3921813-salesforce-to-cut-workforce-by-around-10><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Salesforce (CRM) said Wednesday it is embarking on restructuring that includes laying off about 10% of its workforce.CRM rose 1.8% in premarket trading.\"As our revenue accelerated through the pandemic...</p>\n\n<a href=\"https://seekingalpha.com/news/3921813-salesforce-to-cut-workforce-by-around-10\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRM":"赛富时"},"source_url":"https://seekingalpha.com/news/3921813-salesforce-to-cut-workforce-by-around-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144196920","content_text":"Salesforce (CRM) said Wednesday it is embarking on restructuring that includes laying off about 10% of its workforce.CRM rose 1.8% in premarket trading.\"As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that,\" co-CEO Marc Benioff wrote in a letter to employees.CRM will also exit real estate and reduce office space in some markets.\"The Company estimates that it will incur approximately $1.4 billion to $2.1 billion in charges in connection with the Plan, of which approximately $800 million to $1.0 billion is expected to be incurred in the fourth quarter of fiscal 2023,\" Salesforce (CRM) said.Affected employees will receive an email within an hour of the announcement, Benioff said.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":39,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}