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Workday Cuts Nearly 2,000 Employees in Latest Tech Layoff Wave

Workday cuts 1,750 jobs amid tech downturn, shifting focus to AI.

Matilda

Workday Cuts Nearly 2,000 Employees in Latest Tech Layoff Wave

The tech industry's ongoing wave of layoffs continues, with enterprise HR platform Workday announcing a significant reduction in its workforce. The Silicon Valley-based company laid off 1,750 employees on Wednesday, a figure confirmed by TechCrunch after initially being reported by Bloomberg. This reduction represents approximately 8.5% of Workday's total headcount. Unlike many other tech giants that have undergone multiple rounds of drastic cuts in recent years, including Meta and Microsoft, Workday has largely avoided such extensive workforce reductions. This makes the current layoffs a significant departure from their previous approach. In a memo to employees, Workday CEO Carl Eschenbach explained that the company needs to adapt to the current market conditions and has plans to strategically hire talent in the field of Artificial Intelligence (AI). This suggests that Workday is focusing on streamlining its operations while simultaneously investing in future growth areas, part…

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