Salesforce

Salesforce, which employs 2,100 people in Ireland, has announced that it will cut 10pc of its workforce. Under a new restructuring plan, the company added ...

The firm’s plans were published in a US regulatory filing. He added that “our local processes will align with employment laws in each country”. The software firm, which employs 2,100 people in Dublin, has not yet clarified its plans for its Irish workforce.

The company expects the move to lead to about $1.4 billion (€1.3 billion) to $2.1 billion in charges, of which about $800 million to $1 billion will be recorded ...

Salesforce growth has slowed during the past four quarters, with the company posting its weakest revenue increase for the three months ended October 31st, as a strong dollar also eats into its sales. The company said affected employees in the United States will receive a minimum of about five months pay, health insurance and other benefits while those outside the country will receive a "similar level of support". The company expects the move to lead to about $1.4 billion (€1.3 billion) to $2.1 billion in charges, of which about $800 million to $1 billion will be recorded in the fourth quarter of fiscal 2023.

New European headquarters for software group currently being build by Johnny Ronan at Spencer Place overlooking river Liffey.

Salesforce has signed a 15-year lease for a new European headquarters overlooking the river Liffey at Spencer Place in Dublin. By Wednesday evening there were a number of posts on social media in the United States from staff who had been informed they had lost their jobs. In response to inquiries from The Irish Times, the company referred only to the regulatory filing and a spokesperson for the department simply outlined the legal requirements in this jurisdiction, “that employers proposing a collective redundancy must notify the Minister of the proposed collective redundancy” and confirmed that this had not happened at this point.

Salesforce Inc said on Wednesday it would lay off about 10% of its employees and close some offices, becoming the latest tech firm to undertake cost cuts ...

[filing](https://www.sec.gov/Archives/edgar/data/1108524/000110852422000060/crm-20221031.htm) that it increased headcount "to meet the higher demand for services". [letter to employees](https://www.sec.gov/Archives/edgar/data/1108524/000110852423000003/ex991-lettertoemployees.htm). [(MSFT.O)](https://www.reuters.com/companies/MSFT.O). [(META.O)](https://www.reuters.com/companies/META.O) to Amazon.com Inc [(AMZN.O)](https://www.reuters.com/companies/AMZN.O) have slashed thousands of jobs in the past year, in preparation for a recession, expected as a result of aggressive interest rate hikes by global central banks to curb inflation. Register for free to Reuters and know the full story [(CRM.N)](https://www.reuters.com/companies/CRM.N) said it plans to cut jobs by 10% and close some offices, after rapid pandemic hiring left it with a bloated workforce amid an economic slowdown.

Salesforce has announced plans to lay off about 10 per cent of its workforce, becoming the latest tech group to cut costs as businesses tighten their belts ...

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Salesforce said on Wednesday it would lay off about 10% of its employees and close some offices as a part of its restructuring plan.

31, as a strong dollar also eats into its sales. The company expects the move to lead to about $1.4 billion to $2.1 billion in charges, of which about $800 million to $1 billion will be recorded in the fourth quarter of fiscal 2023. - The company expects the move to lead to about $1.4 billion to $2.1 billion in charges, of which about $800 million to $1 billion will be recorded in the fourth quarter of fiscal 2023.

Salesforce, which employs more than 2000 people in Ireland, has informed staff it will layoff around 10% of its workforce and close some offices.

Twitter also cut half its workforce following its takeover by Elon Musk. "Of the aggregate amount of charges that the company estimates it will incur in connection with the plan, the company expects that approximately $1.2bn to $1.7bn will be in future cash expenditures," Salesforce added. Salesforce expects that it will incur charges of $1.4bn to $2.1bn in connection with the restructuring plan, of which $800m to $1bn will be incurred in the fourth quarter of its 2023 financial year.