Workday announces plans to cut about 1,750 jobs, or 8.5% of its workforce, to invest in AI.

Workday, a payroll and HR software company, plans to cut 8.5% of its workforce, totaling around 1,750 jobs, as part of a restructuring plan focused on investing in artificial intelligence. CEO Carl Eschenbach noted this move amid increased competition and economic uncertainty. Despite the cuts, Workday will continue hiring in strategic areas and expects to incur charges between $230 million to $270 million due to this restructuring.

2 months ago
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