Workday Lays Off 1,750 Employees to Drive AI Transformation: A Bold Move or a Risky Gamble?
Workday has announced a strategic restructuring that involves laying off 1,750 employees, constituting 8.5% of its global workforce, to realign resources towards AI investment. As part of cost-cutting measures that will amount to $230-270 million, the company also plans to continue hiring in strategic areas while reducing office spaces. Does this mark a new chapter for AI-driven tech firms?
Feb 6