April 16, 2024

Salesforce CEO Marc Benioff has drawn a line within the sand, saying this 12 months’s Dreamforce often is the final one in San Francisco, if homelessness or drug use impacts it.

Dreamforce is the corporate’s annual convention that’s one the highlights of the tech business. It has historically been held in San Francisco, however that metropolis’s points with homelessness and drug use are inflicting Benioff to rethink that place.

“If this Dreamforce is impacted by the present state of affairs with homelessness and drug use it might be the final Dreamforce” within the metropolis, Benioff informed the San Francisco Chronicle.

“We’re working hand in hand with the town as we all the time do,” he added. “We’ll deliver a big variety of individuals to the town — 40,000 individuals — and it’ll generate $57 million within the downtown financial system. So it’s in all of our pursuits for it to go properly, and for APEC to go properly. This needs to be the main focus of the town.”

San Francisco’s actual property market has already been hit by the transition to distant work, in addition to firms transferring out of the state to extra tax-friendly jurisdictions. Shedding Dreamforce could be one other main blow to the native financial system.