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    1. COVID-19

    Salesforce chief tells CNBC ‘the past is gone’

    June 10, 2021
    The Salesforce Tower, formerly known as the Transbay Tower, is a 1,070-ft. office skyscraper in the South of Market district of downtown San Francisco. Since the office space is no longer needed, Salesforce chief executive Marc Benioff told CNBC that he envisions the building being used as a center for events, training and cultural engagements.
    The Salesforce Tower, formerly known as the Transbay Tower, is a 1,070-ft. office skyscraper in the South of Market district of downtown San Francisco. Since the office space is no longer needed, Salesforce chief executive Marc Benioff told CNBC that he envisions the building being used as a center for events, training and cultural engagements.

    In an interview this week with financial news channel CNBC, Salesforce chief executive Marc Benioff forecast that the number of his employees working from home will remain high even after the pandemic ends.

    Prior to COVID-19, Benioff revealed in an interview on CNBC’s Closing Bell program, about 20% of Salesforce employees worked from home. He predicted that 50% to 60% of the firm's staffers will likely work from home going forward.

    CNBC noted that Salesforce and the wider cloud software industry have powered through the pandemic, providing companies with tools to enable their employees to stay productive from remote environments. Salesforce’s revenue last fiscal year climbed 24% to $21.3 billion.

    Before the pandemic, Salesforce invested heavily in real estate, including the opening of 61-floor tower in San Francisco in 2018. Now the software company is downsizing its office needs.

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