Salesforce Plans To Shed Significant San Francisco Office Space
On top of already putting hundreds of thousands of square feet of San Francisco office space on the market, Salesforce just announced it will lay off 10% of it’s employees. The company is taking a $450-650 million dollar write-off due to office space reductions. It currently owns or leases 1.9 million square feet of office space in San Francisco, which has one of the highest vacancy rates in decades. As of November 2022 Salesforce had 10,000 San Francisco employees. At least it is not taking the less-honorable route Twitter appears to have taken. Reportedly being evicted out of its Seattle office for non-payment of rent, possibly not paying rent in San Francisco, auctioning off its cappuccino machines, letting the janitorial staff go with reports that the space smells like old food and a sweaty gym, and rumors of beds installed in some of the offices to make it easier to work crazy-long hours.
