The 80,000-employee company plans to complete the restructuring by the end of fiscal year 2024. In 2021, the company acquired workforce messaging company Slack for $27.7 billion.
The restructuring comes after Slack CEO Stewart Butterfield left the company in December, just days after co-CEO Bret Taylor also left.
“The environment remains challenging and our customers are taking a more measured approach to their purchasing decisions,” Salesforce CEO Marc Benioff said in a Jan. 4 letter to employees. “As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that.”
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.