Yet, the building's occupancy rate last year slumped to around 70 percent, second-worst among the city's 13 tallest buildings, according to real estate firm Cushman & Wakefield. The 48-story, 1 million-square-foot Chase Tower offers the best views in the city at one of the most desirable locations. Rumors have persisted for months that Salesforce wanted to lease space in Chase Tower. Meridian St., the Gibson building at 433 N. Salesforce already leases space at three buildings in Indianapolis: the Guaranty building at 20 N. Since then, Salesforce has steadily added workers and made a name for itself by opposing the the Religious Freedom Restoration Act and advocating for LGBT rights in Indiana. Salesforce in June 2013 reached a deal to acquire ExactTarget for $2.5 billion. The move into one of the city's most prominent buildings is yet another splash for Salesforce in Indianapolis. Salesforce plans to begin moving into Chase Tower in early 2017. That's on top of an Indianapolis workforce that already includes more than 1,000 employees. plans to hire more than 800 people Downtown by 2021 and invest $40 million over 10 years as part of its expansion, the company announced Friday. The deal includes naming rights, meaning the state's tallest building will soon be called Salesforce Tower. The San Francisco cloud computing giant has leased hundreds of thousands of square feet at Chase Tower on Monument Circle as part of a massive expansion. rose more than 3% before the opening bell.Salesforce is planning to add hundreds of high-paying technology jobs in Downtown Indianapolis. Actions related to its office closings are anticipated to be fully complete in fiscal 2026. Its workforce more than doubled between then and 2021.Įmployee restructuring efforts are expected to be mostly complete by the end of Salesforce’s fiscal 2024. Tech companies hired aggressively during the pandemic to keep up with soaring demand, but Salesforce had been growing rapidly since at least 2018. Approximately $800 million to $1 billion in charges are expected to occur in its fiscal fourth quarter. There will be $450 million to $650 million in charges for office closings. That includes $1 billion to $1.4 billion in charges tied to employee transition, severance payments, employee benefits, and stock-based compensation. The company anticipates $1.4 billion to $2.1 billion in charges related to its plan. “With this in mind, we’ve made the very difficult decision to reduce our workforce by about 10 percent, mostly over the coming weeks.”īenioff said employees being released will receive nearly five months of pay, health insurance, career resources, and other benefits. “The environment remains challenging and our customers are taking a more measured approach to their purchasing decisions,” said CEO Marc Benioff in a letter to employees. WRTV reached out to Salesforce about the possiblity of changes to their Indianapolis presence and workforce, but referred us to their SEC filing. The San Francisco cloud computing software company will also be closing some offices, according to a regulatory filing Wednesday. INDIANAPOLIS - Salesforce is laying off about 10% of its workforce, more than 7,350 employees, in the latest round of job cuts in the tech industry as corporations cut back on software and other spending.
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