News Formal

Salesforce holdings in San Francisco - Silicon Valley Business Journal

  • 📰 svbizjournal
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 59%

United States News News

United States United States Latest News,United States United States Headlines

Salesforce says it will cut office space. What does that mean for San Francisco.

Salesforce made headlines Wednesday byWhat the customer management software company did not provide: details on where it would be looking to shrink its footprint.

In 2021, the company hired a new head of real estate, former Stripe executive Relina Bulchandani, to help consolidate leases, CFO Amy Weaver said on the company's earnings call late last year. The company said it expects to incur between $450 million and $650 million in charges associated with the office space reductions.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 334. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Salesforce holdings in San Francisco - San Francisco Business TimesSalesforce will seek to reduce or eliminate leases in certain locations — but it isn't saying where. Could some of its hometown holdings be on the chopping block?
Source: SFBusinessTimes - 🏆 78. / 68 Read more »