Salesforce to cut 10% of workforce 

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Salesforce Inc 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.

The cloud-based software firm said on Wednesday the job cuts would lead to about $1.4 billion to $2.1 billion in charges, while only about $800 million to $1 billion will be recorded in the fourth quarter.

Salesforce, the cloud-based software company’s decision to layoffs is also reportedly tagged along with some offices. As per the report, the company is also mulling shutting down few offices in an effort to cut costs further.