Workday cuts nearly 2,000 employees
Workday becomes the latest tech company in recent weeks to cut headcount. Amazon, Okta and Cruise have also laid off employees.
Workday lays off 1,750 employees, or about 8.5% of its workforce
Workday is cutting about 1,750 jobs, or 8.5% of its workforce. In a Wednesday memo to employees, published in a securities filing, Workday CEO Carl Eschenbach said the layoffs were necessary for ongoing growth efforts at the company — including a particular focus on artificial intelligence investments.
Workday to cut 1,750 jobs in AI push
Workday said on Wednesday it will cut around 1,750 jobs, or 8.5% of its current workforce, as the human capital management firm invests heavily in artificial intelligence to counter a softer macroeconomic environment.
Workday lays off 1,750 employees in a ‘difficult but necessary’ decision
Workday has announced plans to cut 1,750 jobs, impacting around 8.5% of its workforce. The company stated that the move is aimed at prioritising investments in artificial intelligence and global expansion.
Workday To Lay Off Employees Ahead Of Q4 Earnings
However, the layoffs will make Workday’s fourth quarter operating margin under Generally Accepted Accounting Principles (GAAP) 22 to 23 percentage points lower than its fourth quarter non-GAAP operating margin and its fiscal 2025 full-year GAAP operating margin 21 percentage points lower than its full-year non-GAAP operating margin.
Workday lays off 1,750 employees, citing demand for AI
Workday, the HR and finance management company, is the latest tech giant to lay off a mass of employees in the name of AI. In a Wednesday announcement titled "Changes to Position Workday for the Future,
Workday to Cut Nearly 2,000 Workers on Profit Focus (1)
Workday Inc. is cutting about 8.5% of its workforce, making it the latest technology company to begin 2025 with headcount reductions.
Workday to cut 8.5% of its workforce
Payroll processing company Workday said on Wednesday it will cut around 1,750 jobs, or 8.5% of its current workforce, as it grapples with competition and an uncertain spending environment. It expects to incur around $230 million to $270 million in charges connected to the cost reduction plan,
Workday to cut 1,750 jobs, shift focus to AI and global expansion
CEO says the move ‘has the potential to drive a new era of growth for Workday,’ but there are concerns about customer service ...
Salesforce, Workday Are Hiring More Overseas to Save Cash
Software companies are under pressure to invest in new artificial intelligence capabilities without denting profits. One ...
Workday Announces 1,750 Layoffs As It Focuses on AI
HR software giant Workday is following in the footsteps of Microsoft, Google, and Meta with a massive round of layoffs.
Workday AI Age Bias Case Should Be Class Action, Job Seeker Says
A lawsuit alleging Workday Inc.'s algorithm-based screening tools have kept employers from hiring workers age 40 or over ...
Workday to cut 1,750 jobs to improve profitability
Workday Inc. is cutting about 8.5% of its workforce, making it the latest technology company to begin 2025 with headcount ...
Workday chops 600-plus Bay Area jobs, one-third of worldwide layoffs
Workday will chop more than 600 jobs in the East Bay as it scouts for opportunities in artificial intelligence.
JMP Securities Reiterates “Market Outperform” Rating for Workday (NASDAQ:WDAY)
Workday (NASDAQ:WDAY – Get Free Report)‘s stock had its “market outperform” rating reiterated by research analysts at JMP ...
Workday Stock Jumps on Layoff Plans
Workday (WDAY) layoffs will see the artificial intelligence (AI) system software company reduce its headcount by 8%. This ...