Workday, a company specializing in HR and finance management, announced layoffs of 1,750 employees, which constitutes 8.5% of its workforce, in favor of advancing AI technology. CEO Carl Eschenbach expressed the necessary shift towards innovation and AI, emphasizing the company's focus on growth potential. He acknowledged the difficult decision but highlighted plans to hire strategically in other key areas. Affected employees will receive a minimum of 12 weeks of pay, with support varying by country due to different worker protection laws.
Companies everywhere are reimagining how work gets done, and the increasing demand for AI has the potential to drive a new era of growth for Workday.
Workday will be prioritizing innovation investments like AI and platform development, and rigorously evaluating the ROI of others across the board.
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