Workday cuts about 525 jobs but says it's not the result of overhiring
Publishing timestamp: 2023-01-31 16:33:50
Summary
Workday, a cloud-only business planning software company, is laying off 3% of its employees, mostly in product and technology. The company's co-CEOs wrote in a message to employees that the layoffs are not a result of overhiring and that the company will still hire and grow its head count for the 2024 fiscal year. Employees who lost their jobs will receive severance packages and additional benefits.
Sentiment: NEUTRAL
Tickers: WDAY,
Keywords: workday inc, technology, internet, enterprise, layoffs, business news,
Source: https://www.cnbc.com/2023/01/31/workday-lays-off-employees-but-will-grow-head-count.html