"The company - a software provider for payroll, talent management, and expense processing - said Eschenbach will become a strategic advisor to Bhusri. "As we enter a defining moment shaped by AI, there is no one better than Aneel to lead this next chapter," said Mark Hawkins, Workday vice chair and lead independent director. "His vision, conviction, and deep connection to Workday's culture will position the company to continue to lead in a changing landscape.""
"In announcing the recent layoffs, which affected about 2% of Workday's overall workforce, the company cited a need to realign its resources to meet its top priorities. It didn't blame artificial intelligence as a reason for the cuts. Workday also announced a larger round of layoffs last year, citing a need to invest more heavily in strategic areas such as AI. It had more than 20,400 employees as of January 31, 2025."
Carl Eschenbach is stepping down as Workday CEO and will become a strategic advisor to cofounder and executive chair Aneel Bhusri, who returns as CEO for the fourth time. The company laid off about 400 employees, roughly 2% of its workforce, citing a need to realign resources to top priorities and not attributing the cuts to artificial intelligence. Workday previously cut staff last year to invest more in strategic areas such as AI. Shares fell about 6% today and roughly 43% year-over-year amid market reactions to new AI clerical tools.
Read at Business Insider
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