Due to the pandemic, shifts in views of what constitutes the “office” has changed. Salesforce has recognized this and following their recent headline with a $27.7 billion deal to buy workplace messaging app Slack – the company has indicated it won’t be expanding its commercial real estate footprint — quite the opposite.
Chief financial officer Mark Hawkins said on a call with analysts last week that Salesforce planned to consolidate and sublease certain sites as more people worked from home.
“The pandemic has also empowered us to reimagine how we operate in this work-from-anywhere, digital world,” Hawkinswas quoted by Business Insider. “In Q3, we continue to reimagine our operations after analyzing our global lease commitments.”
The move will result in a writedown of between $80 million and $100 million, the publication reported.
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