Workday is implementing a significant restructuring plan that will see approximately 1,750 employees, or 8.5% of its workforce, laid off. The company cites the need to adapt to changing market conditions and technologies, particularly artificial intelligence, as a key factor for this decision. Although Workday's recent financial performance showed strong revenue growth and profitability, the leadership believes that a new strategic approach is necessary for continued success. Additionally, the company will reduce its office space while still planning to hire in essential areas.
The environment we're operating in today demands a new approach, particularly given our size and scale. We have to adapt by thinking differently, acting boldly, and investing strategically.
Workday is eliminating approximately 1,750 positions, or 8.5 percent of its current workforce, as part of a restructuring scheme influenced by the adoption of AI.
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