PLEASANTON, Calif. – Workday Inc (NASDAQ:WDAY)., a provider of enterprise cloud applications for finance and human resources, has announced a significant reduction in its workforce, amounting to 1,750 jobs or 8.5% of its current workforce.
This move is part of a broader restructuring plan designed to refine the company’s investment focus and drive further growth.
The company anticipates incurring charges between approximately $230 million to $270 million in connection with the restructuring. Of these charges, about $60 million to $70 million are expected to be recognized in the fourth quarter of fiscal year 2025, with the remainder to be accounted for in the first quarter of fiscal year 2026.
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