Workday lays off 1,750 employees, or about 8.5% of its workforce
Workday is cutting about 1,750 jobs, or 8.5% of its workforceByWYATTE GRANTHAM-PHILIPS AP business writerFebruary 5, 2025, 11:41 AMNEW YORK -- Workday is cutting about 1,750 jobs, or 8.5% of its workforce.In a Wednesday memo to employees, published in a securities filing, Workday CEO Carl Eschenbach said the layoffs were necessary for ongoing growth efforts at the company — including a particular focus on artificial intelligence investments.“As we start our new fiscal year, we’re at a pivotal moment,” Eschenbach wrote. “Companies everywhere are reimagining how work gets done, and the increasing demand for AI has the potential to drive a new era of growth for Workday.”Workday aims to notify the majority of employees affected by the cuts on Wednesday. “I realize this is tough news, and it af...