Salesforce confirmed Friday that it’s going to record Tableau Software program’s headquarters constructing in Seattle on the sublease market.
Tableau, acquired by Salesforce for $15.7 billion in 2019, opened the NorthEdge constructing within the Fremont neighborhood six years in the past, with room for about 1,200 individuals, or 205,000 sq. toes of area.
The four-story mixed-use constructing features rooftop views of the downtown Seattle skyline and is on the Burke-Gilman Path, simply north of Gasoline Works Park.
It’s a slight change in plans for Salesforce, which mentioned final month it will put Tableau’s close by Knowledge 1 Increase for sublease. Salesforce will as an alternative now maintain the Knowledge 1 Constructing.
Salesforce nonetheless has its area at Tableau’s Kirkland Urban office throughout Lake Washington on the sublease market.
Tableau staff can have entry to the five-story Knowledge 1 Constructing, in addition to Salesforce’s workplaces in Bellevue.
“Tableau is a essential and thriving a part of our enterprise and we stay totally dedicated to our Seattle-based dwelling and staff,” a Salesforce spokesperson mentioned in a press release.
Many tech corporations need to scale back their actual property footprint amid distant work insurance policies and up to date layoffs throughout the trade.
Salesforce introduced a ten% workforce discount in January and has shed more than 1 million square feet of space in San Francisco, the place it’s primarily based.
Tableau had grown to about 4,200 staff worldwide earlier than it was acquired, about half of them within the Seattle area. Previous to its latest cuts, Salesforce employed about 4,000 individuals within the Seattle space, together with Tableau staff. The corporate has not supplied an up to date regional headcount.
Salesforce CEO Marc Benioff as soon as mentioned the Seattle area would develop into the corporate’s “HQ2” with the Tableau deal.
The newest adjustments come at a pivotal second in Tableau’s historical past, 20 years after it was based in Seattle primarily based on expertise spun out of Stanford College.
Cutbacks by Salesforce have rippled by Tableau’s workforce in latest months, accompanied by significant turnover in Tableau’s govt management staff.
Tableau earlier this month named a brand new CEO, tapping Salesforce vet Ryan Aytay to guide the corporate after former CEO Mark Nelson stepped down on the finish of final yr.
Tableau generated income of $623 million in the newest quarter, up 6% year-over-year, accounting for about 7% of Salesforce’s general income.
Tableau earlier this month introduced new generative synthetic intelligence options for its knowledge visualization platform.
The corporate faces powerful competitors within the rising discipline of knowledge visualization and enterprise intelligence — maybe most notably from Energy BI maker Microsoft, which is steadily including AI “copilot” options to its enterprise productiveness apps below its partnership with ChatGPT maker OpenAI.