Workday Cuts 1,750 Jobs to Focus on AI Investments

The layoffs, representing 8.5% of the workforce, are part of a restructuring plan prioritizing artificial intelligence and global expansion.

Workday announced it is laying off 1,750 employees, or 8.5% of its global workforce, as part of a strategic restructuring effort.
CEO Carl Eschenbach emphasized the company's focus on artificial intelligence and platform development to drive future growth.
The restructuring includes plans to exit certain office spaces and invest in hiring within key strategic areas and locations globally.
Workday expects to incur $230 million to $270 million in restructuring costs, with severance packages starting at 12 weeks of pay for U.S. employees.
Following the announcement, Workday's stock price rose over 6%, reflecting investor confidence in the company's AI-driven growth strategy.