The U.S.-based Workday has decided to reduce its workforce by 8.5%, laying off 1,750 employees as part of its cost-cutting measures and increased investments in artificial intelligence. This decision was made as the company competes with rivals like Oracle and SAP in the corporate software sector, offering financial management and business planning services.
Workday is known for its human resources and financial management solutions, helping large enterprises manage workforce, financial processes, and payroll, all on a single platform. Additionally, it enables automation, forecasting, and decision-making processes with the support of artificial intelligence.
The company has been forced to cut costs due to high interest rates, which have led to reduced spending by corporate clients. Workday aims to save between $230 million and $270 million by focusing on key areas of investment. As part of this plan, the company has laid off 1,750 employees and decided to close some of its offices. This process is expected to be completed by the second quarter of 2026.
