Salesforce to Cut About 700 Workers, Adding to Tech Layoff Flood

Salesforce Inc. is cutting about 700 workers, adding to a brutal string of tech layoffs at the start of 2024.

Less than 1% of workers will be cut, according to a person familiar with the plans who wasn’t authorized to discuss them publicly and asked not to be identified. A Salesforce representative declined to comment.

A year ago Salesforce reduced headcount by 10%. The San Francisco-based company had 70,843 workers as of the end of October, according to a securities filing.

The new cuts show how the tech industry remains focused on trimming costs. Other tech companies, such as Microsoft ...