Workday announced plans to reduce its global workforce by approximately 2.5%—affecting roughly 525 of its 21,000 employees—primarily targeting its Product and Technology team as part of a restructuring to align team structures with strategic growth priorities . Revealed in an SEC Form 8-K filing, the reorganization also involves downsizing leased office space and is projected to incur $65 million to $85 million in total restructuring costs, mainly spanning severance, benefits, stock-based compensation, and lease impairment charges . Despite the cuts—which mark the company’s second round of layoffs in 2026 following a 2% cut to its Global Customer Operations team in February—Workday stated it will continue hiring in key strategic areas and locations throughout fiscal 2027 .
Source: Seeking Alpha
