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Salesforce cuts staff amid acquisition spree and $50 billion share buyback
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The layoffs come after CEO Marc Benioff boasted of record revenue and 'incredible cashflow' two weeks ago.
Key facts
- The notice filed on Monday stated that 86 employees would be laid off from its Mission Street office in San Francisco on August 7
- Salesforce has undergone several workforce reductions in the last three years, with the largest coming in November 2025 when the company axed 4,000 customer support roles, which CEO Marc Benioff discussed on a podcast, saying he needed fewer heads
- The company employed about 83,000 people globally as of Jan. 31, according to its annual report
- According to Business Insider, the job cuts this week fell hardest within Salesforce Agentforce teams, MuleSoft IT, and Marketing Cloud software
Summary
Salesforce is undergoing another round of layoffs, its second this year, according to a filing with California’s Worker Adjustment and Retraining Notification office. The notice filed on Monday stated that 86 employees would be laid off from its Mission Street office in San Francisco on August 7. On the same day Salesforce filed its WARN notice, it announced a definitive agreement to acquire m3ter, a revenue management software company, for an undisclosed sum. Last week, Salesforce announced that it would acquire Contentful, which is part of the outfit’s plunge into a “headless” CRM where users can access Salesforce data and logic inside other applications such as Claude, ChatGPT, and Slack.