Salesforce will lay off 10% of its workforce

Saleforce Inc. disclosed the restructuring plan on Wednesday in a filing with the Securities and Exchange Commission

They said it will receive about $1.4 billion to $2.1 billion in cash from the plan, and about $1 billion in the company's current quarter.

Mr. Benioff

“The environment remains challenging and our customers are taking a more measured approach to their purchasing decisions,”

Salesforce hired hard during the first two years of the Covid-19 pandemic as companies turned to Salesforce software offerings to keep operations running smoothly despite remote workers.

Salesforce had nearly 80,000 employees worldwide as of October 31, up from more than 49,000 employees as of January 1. 31, 2020, according to a company press release.