Salesforce is reinforcing its return-to-office policy, mandating that employees return to the office more frequently. This move aligns with the company’s ongoing efforts to reduce its workforce.
This update comes as Salesforce confirms plans to cut an undisclosed number of jobs, with media reports estimating around 300 positions. Salesforce has already made significant job cuts over the past year due to declining customer demand for its sales-related software and services, including a 10% workforce reduction earlier this year. These cuts are part of the company’s broader strategy to reassess its real estate needs both domestically and internationally.
Many companies across various industries, including technology, media, retail, and financial services, have been reducing their workforces and real estate footprints. For instance, Warner Bros. Discovery recently announced nearly 1,000 job cuts as part of its cost-cutting measures.
On the manufacturing side, activity experienced a slight increase in June and the second quarter, despite a slowdown in consumer and business demand across many product categories, according to a Federal Reserve report.
Oxford Economics Lead U.S. Economist Bernard Yaros predicts a steady increase in industrial activity in the coming quarters, supported by anticipated Federal Reserve rate cuts, continued strength in defense and high-tech products, and a boost in global growth. The research firm forecasts a 1.8% expansion in U.S. industrial production for 2025.
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Source: CoStar
