---
schema_version: "secwatch.filing_event.v1"
accession: "0001108524-23-000003"
form_type: "8-K"
ticker: "CRM"
cik: "0001108524"
company_name: "Salesforce, Inc."
filed_at: "2023-01-04T23:59:59+00:00"
generated_at: "2026-06-20T20:08:44.307469+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Salesforce to cut ~10% of workforce, incur $1.4B-$2.1B restructuring charges

## Summary
- Workforce reduction of ~10% with $1.0B-$1.4B in severance and benefits charges.
- Real estate exits and office space reductions expected to incur $450M-$650M.
- Total charges estimated at $1.4B-$2.1B; $1.2B-$1.7B in future cash expenditures.
- US affected employees get minimum nearly 5 months pay, health insurance, career resources.
- Employee restructuring substantially complete by end of FY2024; real estate by FY2026.

## SEC filing metadata
- accession: 0001108524-23-000003
- form_type: 8-K
- ticker: CRM
- cik: 0001108524
- company_name: Salesforce, Inc.
- filed_at: 2023-01-04T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108524/000110852423000003/0001108524-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108524/000110852423000003/crm-20230104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108524-23-000003
- JSON: https://secwatch.observer/filing/0001108524-23-000003.json
- Plain text: https://secwatch.observer/filing/0001108524-23-000003.txt

## Key facts
- Restructurings & Charges
  Salesforce, Inc. announced a restructuring with charges of The Company estimates that it will incur approximately $1.4 billion to $2.1 billion in charges in connection with the Plan, of which approximately $800 million affecting select real estate exits and office space reductions within certain markets (a reduction of the Company's current workforce by approximately 10 percent).
  - Type: restructuring
  - Charge: The Company estimates that it will incur approximately $1.4 billion to $2.1 billion in charges in connection with the Plan, of which approximately $800 million
  - Affected area: select real estate exits and office space reductions within certain markets
  - Headcount: a reduction of the Company's current workforce by approximately 10 percent
  source text: are subject to local law and consultation requirements in certain countries, as well as the Company’s business needs. The Company estimates that it will incur approximately $1.4 billion to $2.1 billion in charges in connection with the Plan, of which approximately $800 million to $1.0 billion is expected to be incurred in the fourth quarter of fiscal 2023. These
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108524/000110852423000003/0001108524-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.