Workday To Layoff Employees Ahead Of Q4 Earnings

Category: Business

Workday plans to cut 8.5% of its workforce, totaling 1,750 positions, as part of a restructuring effort to align resources with customer needs. The layoffs are expected to cost between $230 million and $270 million, with most changes completed by the second quarter of fiscal year 2026. CEO Carl Eschenbach emphasized the need for strategic investment in AI and platform development despite the layoffs, which will significantly impact the company's operating margins.

Keywords: Workday, layoffs, restructuring

Source: CRN

Update At: 2/6/2025

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