Salesforce lays off 86 employees in San Francisco amid m3ter acquisition and stock buyback
By
O'Ryan Johnson
Summary
Salesforce is conducting another round of layoffs in 2024, cutting 86 employees from its San Francisco Mission Street office, effective August 7. This follows a filing with California's WARN office. The company, which employed approximately 83,000 people globally as of January 31, has not confirmed whether additional cuts were made elsewhere. The layoffs come shortly after CEO Marc Benioff publicly boasted about record revenue and strong cash flow, and amid Salesforce's acquisition of m3ter and ongoing stock buyback program.
Source
bskySalesforce lays off 86 employees in San Francisco amid m3ter acquisition and stock buybacktheregister.comKey quotes
· 3 pulledSalesforce did not immediately respond to an email to its press office seeking comment.
The company employed about 83,000 people globally as of Jan. 31, according to its annual report.
The layoffs come after CEO Marc Benioff boasted of record revenue and 'incredible cashflow' two weeks ago
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