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Workday plans to lay off 1,750 employees to invest in AI, while shares rise post-announcement.
Workday, a human resources software company, plans to lay off 1,750 employees, or 8.5% of its workforce, to focus on artificial intelligence investments and drive growth.
The company will offer laid-off US employees a minimum of 12 weeks of pay, with additional weeks based on tenure.
Despite the layoffs, Workday expects to continue hiring in certain positions and locations.
The company's shares rose more than 2.5% following the announcement.
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Workday planea despedir a 1.750 empleados para invertir en IA, mientras que las acciones aumentan después del anuncio.