Salesforce, which listed for sublease 412K SF last summer in one of its two namesake headquarters towers in San Francisco—where it is the largest private-sector employer—dropped the other shoe on Wednesday, announcing it will lay off 10% of its workforce, which totals an estimated 80,000.

The enterprise software giant hinted at more cuts to come—in its office footprint as well as its workforce—in a regulatory filing that said the company is undergoing a workforce restructuring it aims to complete by the end of fiscal 2024, to be accompanied by “real estate reductions” that will be completed by 2026.

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Jack Rogers

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