Salesforce shares fell 4.36% to a new 52-week low as the company announced further layoffs and continued executive leadership churn. The restructuring aims to prioritize the company's agentic AI strategy and the expansion of Agentforce.
- The company is cutting fewer than 1,000 roles and phasing out Heroku Enterprise contracts to focus on its long-term technology pivot.
- Analysts note that leadership instability and the high costs of scaling AI are currently weighing on investor confidence.
- Salesforce stock hit a fresh 52-week low, closing at $185.02.