Workday is laying off approximately 500 employees, about 2.5% of its workforce, mainly in its product and technology team. The company said in a securities filing on Tuesday that the cuts are to better align team structures with strategic growth priorities. Workday also lowered its fiscal third-quarter earnings forecast and plans to continue hiring in strategic areas. This is the second round of layoffs this year, following about 400 cuts in February.
Related Articles
Don't miss out on breaking stories and in-depth articles.