Workday

Workday laid off 400 employees representing approximately 2% of its workforce on 2026-02-04.

Workday, a California-based human capital management software company, announced on Wednesday it will lay off approximately 1,750 employees, representing about 8.5% of its workforce. The decision is part of a strategic shift to prioritize investments in artificial intelligence and expand its international presence, responding to a softer macroeconomic environment and slower enterprise spending. The company, which had around 18,800 employees as of last January, expects to incur significant charges from this cost-reduction plan, with the actions set to be completed by the second quarter of fiscal 2026. This move reflects broader industry pressures as firms like Workday navigate stiff competition and consolidation.

Workday, a cloud-based business planning software company, laid off approximately 525 employees, representing 3% of its workforce of over 17,500 as of late 2022. The cuts, announced in early 2023, primarily affected technology and product units. The co-CEOs cited a challenging global economic environment as the reason, while emphasizing the layoffs were not due to overhiring and that the company plans to continue hiring throughout fiscal 2024. Affected employees received severance packages including three months of base pay plus additional compensation based on tenure.