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Salesforce Writes Off $25 Million Vacating Offices in Wake of COVID-19

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CRM large also inks major deal with AT&T

Salesforce says cancelling bodily occasions this fiscal yr in favor of “virtual experiences” price tag it $65 million, with the enterprise also chalking up close to $twenty five million in lease impairments “due to vacating and subleasing offices” in the wake of pandemic.

The admission on a Q1 earnings get in touch with — that saw the enterprise if not report a bouyant quarter, with top line revenue ($4.87 billion) up 30 percent yr-on-yr — came as organizations globally shake up the professional true estate current market amid a

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