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.

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article


You must be logged in to post a comment.