Workday to Lay Off 1,750 Employees as Part of Restructuring Plan
1. Workday plans to lay off 1,750 employees, about 8.5% of workforce. 2. Restructuring aims for continued focus on durable growth. 3. Expected charges of $230M to $270M due to layoffs. 4. GAAP operating margin to fall significantly in Q4 and full-year 2025. 5. Shares rose nearly 3% but down 9% over the last year.