Workday Layoffs

January 2023

Workday announced a layoff affecting 525 employees (3% of its workforce) in January 2023. The company operates in the HR sector.

People Affected

525

Percentage

Announced Date

Jan 31, 2023

About

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.