Salesforce Plans Layoffs at Acquisition Own in Strategy Shift
- Purchase at $1.9 billion is most expensive since Slack in 2021
- Salesforce grew quickly through big mergers in recent years
Pedestrians pass in front of the Salesforce Tower in New York.
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
Salesforce Inc. is planning to cut workers at Own, the data management startup it acquired for about $2 billion.
Some roles will not be required “post harmonization,” Salesforce told workers of Own in a presentation this week. The end date will be Jan. 31 for employees in those positions. Some other jobs will be “transitional” and needed for three to 12 months to support the integration on a fixed short-term basis, the company said in the presentation.