"Workday, the Bay Area tech giant known for its HR and payroll tools, has revealed that it's shedding hundreds of employees and swapping out its CEO. The company announced a 2% layoff round in a Feb. 4 filing with the Securities and Exchange Commission, mainly cutting "non-revenue generating roles" on customer-facing teams. SFGATE received Workday's WARN filing - required in the event of mass layoffs - on Tuesday; it lists 154 cuts at the company's Pleasanton headquarters."
"Workday listed its head count as over 20,400 in January 2025 but laid off more than 1,700 workers that February. If the workforce size stayed relatively flat since then, the fresh 2% cut should hit roughly 375 employees. Workday wrote in the Feb. 4 announcement that it will continue to hire. The WARN filing gives a clearer image of the cuts. At its headquarters by the Stoneridge Shopping Center, Workday is laying off two vice presidents, seven senior directors and a slew of lower-level workers."
"Workday declined to answer SFGATE's questions about severance packages and the reasoning behind the cuts. But it wrote in the Feb. 4 SEC filing that it expects to spend about $40 million in payments related to severance and benefits, and for the cuts to be completed in its current fiscal quarter. Workday's filing described the changes to teams as "reorganizations designed to better align their people and resources to their highest priorities in fiscal 2027.""
Workday announced a 2% workforce reduction focused on non-revenue generating, customer-facing roles, with a WARN filing listing 154 cuts at its Pleasanton headquarters. The company reported headcount over 20,400 in January 2025 and previously laid off more than 1,700 workers in February. The Feb. 4 SEC filing said Workday expects roughly $40 million in severance and benefit payments and plans to complete the cuts in the current fiscal quarter. Workday described the changes as reorganizations to align people and resources with fiscal 2027 priorities. The company will replace CEO Carl Eschenbach with Aneel Bhusri; the separation agreement includes accelerated vesting.
Read at SFGATE
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