8-KItem 2.02 · Results of OperationsItem 2.05 · Exit/Disposal Costs
Workday to cut 2.5% of workforce and take up to $80 million in charges
Filed with the SEC on · Summarized by InvestorsBot
Workday announced reorganizations on September 29, 2026, affecting approximately 2.5% of its workforce, primarily in Product and Technology, along with reductions in leased office space; it expects to continue hiring in strategic areas. The company estimates $65 million to $80 million in total charges, including $55 million to $70 million in fiscal third-quarter 2027 and $10 million in the fourth quarter, with employee-related actions expected to be substantially completed by the first quarter of fiscal 2028.