Workday

The company signed a letter addressed to employees saying the job cuts were important to sustain the business.

The software company disclosed the job cuts in a Tuesday morning filing, with its co-chief executives saying that the reductions are part of a business ...

"Based on what we know today, we have no plans to take similar actions of this size in the foreseeable future." It had 12,200 employees as of Jan. Workday had about 15,200 employees globally as of Jan.

Citing uncertain and challenging global economic environment, the HCM software provider disclosed that majority of the job cuts will occur in its product and ...

employees, based on local standards," the company added. In a note to employees, co-CEOs stated that: "These moves are not the result of over-hiring and in fact, we plan to increase the size of our global workforce in FY24. Tomorrow morning Pacific Time, we will share more about today's news and what this means for Workday and the road ahead."

(Bloomberg) -- Workday Inc., a maker of software for business tasks such as human resources, said it was eliminating 3% of its global workforce in response ...

In November, the most recent month for which data is available, the sector announced 52,771 cuts, for a total of 80,978 over the course of the year, according to consulting firm Challenger, Gray & Christmas Inc. Revenue growth has remained steady at 19% to 22% the past three years, although analysts estimate, on average, that sales will increase 17% to $7.26 billion in fiscal 2024 beginning in February. “These moves are not the result of over-hiring,” the company said, contrasting with most of its other tech peers which took on additional staff during the pandemic boom. They were up about 1.3% as trading got underwary in New York on Tuesday. Amazon.com Inc.’s 18,000 job cuts represent only about 1% of its global workforce but 6% of its corporate employees. The company, based in Pleasanton, California, had about 17,000 employees as of July, according to data compiled by Bloomberg.

PLEASANTON, Calif. (KRON) — Workday, a cloud-based business management platform with its headquarters in Pleasanton, is laying off three percent of its ...

The cloud software company Workday plans to cut hundreds of jobs as it lays off about 3 percent of its global workforce. The company told employees in a ...

[Big Tech layoffs](https://thehill.com/tag/big-tech-layoffs/) [layoffs](https://thehill.com/tag/layoffs/) [Securities and Exchange Commission](https://thehill.com/organization/securities-and-exchange-commission/) [Workday](https://thehill.com/company/workday/) [Technology](https://thehill.com/policy/technology/) [Overnight Technology](https://thehill.com/policy/technology/overnights/) [Technology](https://thehill.com/policy/technology/) [Healthcare](https://thehill.com/policy/healthcare/) [See All](https://thehill.com/policy/technology/) “As we’ve said from day one, we will always lean on our values to guide our decisions,” the message states. Workday said the reason for the layoffs was not overhiring, which has been cited as a reason for other technology companies laying off workers, and it plans to increase its workforce in fiscal 2024. Employees based outside the U.S. “As we navigate this uncertain environment, it’s important we help ensure Workday is set up for continued growth for many years to come.” The layoffs will take place over the next weeks.

Like other tech companies, Workday's headcount grew during the COVID-19 pandemic and the company is now cutting its global workforce.

Similarly, [Google CEO Sundar Pichai](https://www.techtarget.com/searchhrsoftware/news/252529428/Tech-workforce-cuts-accelerate-with-Alphabet-layoff) told the company's employees that it "hired for a different economic reality than the one we face today." "As demand planning becomes more sophisticated, you move beyond simple trends into a more multifaceted and nuanced understanding," according to the brochure. [10% workforce reduction](https://www.techtarget.com/searchcustomerexperience/news/252527893/In-stunning-move-Salesforce-co-CEO-Bret-Taylor-steps-down) this month, CEO Marc Benioff noted that "we hired too many people" as "revenue accelerated through the pandemic." "For the last few years, with record low unemployment followed by the chaos of the pandemic, HR departments were getting treated to larger budgets." Workday's payroll has grown significantly in recent years, and similar to other tech companies that are cutting payrolls, this layoff is a fraction of this growth. That acquisition added to its planning tools capabilities. Economic outlooks are part of the demand calculus. Like other tech companies, Workday's headcount grew during the COVID-19 pandemic and the company is now cutting its global workforce. Aneel Bhusri and Carl EschenbachCo-CEOs, Workday But the company says it didn't overhire and is instead taking steps toward realignment. [economic uncertainty](https://www.techtarget.com/searchhrsoftware/news/252529680/HR-tech-companies-layoffs-reveal-hard-facts), I think that a lot of HR departments are going to see budgets cut or remain stagnant," White said. [letter to employees](https://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=117200706&type=HTML&symbol=WDAY&companyName=Workday+Inc.&formType=8-K&dateFiled=2023-01-31&CK=1327811#tm234723d1_ex99-1.htm), co-CEOs Aneel Bhusri and Carl Eschenbach said that Workday this month developed "a refreshed vision, strategy and core set of values that we firmly believe will pave the way for our next phase of growth."