750 Of Salesforce's Planned Layoffs Will Hit San Francisco Offices
More than 700 of the 8,000 layoffs Salesforce announced last week will impact the company's San Francisco offices by March 24, according to a Worker Adjustment and Retraining Notification the company filed Jan. 4.
The layoffs are expected to impact 752 employees across four of the company's offices in San Francisco. The bulk of those, 650 layoffs, will impact employees at the company’s flagship location, Salesforce Tower, at 415 Mission St. The other layoffs will impact the company’s locations at 350 Mission St., 50 Fremont St. and 500 Howard St.
Salesforce announced last week that it would lay off 10% of its workforce, as well as exiting some of its office footprint, though it did not clarify what locations would be impacted.
The company’s lease at the Boston Properties-owned Salesforce Tower runs through 2031. The company placed 350K SF up for sublease at its nearby Salesforce West location last year.
Meanwhile, San Francisco’s office market continues to struggle, closing out 2022 with a 32% availability rate that’s expected to rise.
