Salesforce Inc. shares rose in premarket trading after the company announced a broad restructuring plan “intended to reduce operating costs, improve operating margins, and continue advancing the Company’s ongoing commitment to profitable growth.”
Add Salesforce to the growing list of technology companies decreasing headcount amid recession threats. The company plans to reduce the current workforce by 10%. The latest SEC filings show the company has 73,541 employees.
Salesforce plans to scale back on real estate and slash office space in certain markets. All of this was disclosed in a filing with the SEC.Total costs of the restructuring are expected to […]
Article Source: www.zerohedge.com
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