Workday, which cut 1,750 jobs earlier this year, has committed to rehiring a similar number without a specific timeline. CFO Zane Rowe, speaking at a Jefferies conference, emphasized the company's focus on investments in AI and other growth strategies. Despite the cuts, Workday is determined to grow and hire differently, aligning upcoming roles with evolving business needs. CEO Carl Eschenbach noted the importance of innovation investments while assessing the return on investment for various initiatives. Overall, Workday is adapting its workforce to meet future demands driven by technological advancements.
Our intention is to invest back in the business and ultimately have the same amount of people working. It is about being thoughtful with growth.
We wanted to make sure everyone understood that this is not us reducing. This is us, in fact, growing, but [in] different ways in different geographies.
We're a growing company, and we have great aspirations on the AI front, as well as becoming continuously more efficient.
We need to expand our global footprint and prioritize innovation investments like AI and platform development.
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