Workday to cut about 2.5% of workforce, taking $65M-$80M in charges; reiterates guidance

Workday announced a reduction of about 2.5% of its current workforce, primarily in its product and technology team, along with select leased office space reductions. The restructuring is expected to cost $65M-$80M in charges, including $40M-$55M in future cash expenditures for severance and benefits; Workday reiterated its Q3 and FY27 guidance and will keep hiring in key strategic areas.

Detected & updated continuously · Source: Nebula