Furthermore, citing the same meeting, Fortune reported that the customer relationship software (CRM) provider intends to slash its costs by $3 billion to $5 billion. Salesforce expanded rapidly as pandemic-led tailwinds fueled its revenue growth. However, given the slowdown in top-line growth, the company's bloated workforce and elevated costs are weighing on its profitability. Salesforce had over 79,000 employees in December 2022 compared to 56,606 as of Fiscal 2021 (ended January 31, 2021).