Salesforce cuts 86 jobs as it buys back $50B and snaps up 13 companies

A new WARN filing confirms another layoff round, even as the CRM giant expands via acquisitions and a $50 billion repurchase plan.

ByKhalid Al-HarbiBusiness Desk, The Executives Brief

about 7 hours ago·3 min read

Salesforce cuts 86 jobs as it buys back $50B and snaps up 13 companies

Executive summary

Salesforce filed a WARN notice with California's Worker Adjustment and Retraining Notification office for 86 layoffs from its Mission Street office in San Francisco on August 7. The cuts land the same day Salesforce announced a definitive agreement to acquire m3ter, continuing a spree that now totals 13 acquisitions in as many months.

Salesforce is cutting 86 jobs in San Francisco, according to a WARN filing submitted to California's Worker Adjustment and Retraining Notification office. The notice says the layoffs will hit the company's Mission Street office on August 7, the second round of layoffs the company has announced in 2027 so far.

The timing is the part that makes this feel like more than routine cost cutting. On the same day Salesforce filed the WARN notice, it announced a definitive agreement to acquire m3ter, a revenue management software company, for an undisclosed sum. This is the 13th acquisition Salesforce has announced in as many months, and it comes as the company also moves ahead with a massive shareholder return plan: Salesforce has been buying back billions of dollars of its own stock under a $50 billion repurchase authorization approved earlier this year.

To understand the tension here, look at the contrast Salesforce is presenting.

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