CosmicTaco

Workday Cuts 1,750 Jobs Amid AI Focus

CosmicTaco · 2025-02-06T10:00:39.357050+05:30

- Workday is laying off 1,750 employees, or 8.5% of its workforce, to prioritize AI investments and growth. CEO Carl Eschenbach emphasized the potential of AI to drive a new era of growth. - The company will incur $230-$270 million in restructuring charges, mainly for severance and benefits. Affected U.S. employees will receive at least 12 weeks of pay. - Despite the layoffs, Workday plans to continue hiring in strategic locations and positions, aiming to expand its global reach. Source: [Abc News](https://abcnews.go.com/Business/wireStory/workday-lays-off-1750-employees-85-workforce-118489160), [Benzinga](https://www.benzinga.com/news/guidance/25/02/43500480/why-workday-stock-is-rising-wednesday)

Workday is laying off 1,750 employees, or 8.5% of its workforce, to prioritize AI investments and growth. CEO Carl Eschenbach emphasized the potential of AI to drive a new era of growth.
The company will incur $230-$270 million in restructuring charges, mainly for severance and benefits. Affected U.S. employees will receive at least 12 weeks of pay.
Despite the layoffs, Workday plans to continue hiring in strategic locations and positions, aiming to expand its global reach.

Source: Abc News, Benzinga

1mo ago

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