SalesforceSign1

SEEKING ALPHA reports:

– 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 full post is here.

Please Register

To continue reading, please login or register for full access to our free content
Loadstar subscriber
New Loadstar subscriber REGISTER

Comment on this article


You must be logged in to post a comment.