Salesforce to Lay Off 10% of Staff and Cut Office Space
The software company plans to cut around 8,000 jobs as business slows for tech companies. "We hired too many people leading into this economic downturn," Salesforce's chief executive said.
Salesforce, the business software giant, said on Wednesday that it planned to lay off 10 percent of its work force, or about 8,000 employees, and scale back office space because of concerns about the economy.
"The environment remains challenging, and our customers are taking a more measured approach to their purchasing decisions," Marc Benioff, the company's co-chief executive, said in a note to employees announcing the cuts.
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