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An update from Workday ( (WDAY) ) is now available.
On February 5, 2025, Workday announced a restructuring plan aimed at prioritizing investments and fostering durable growth, which involves eliminating approximately 1,750 positions, accounting for 8.5% of its workforce. This move is part of a broader strategy to adapt to market demands by investing in strategic areas like AI and platform development, while incurring $230 million to $270 million in related charges. The company plans to complete these actions by the second quarter of fiscal 2026, with implications for both its workforce and operational footprint.
More about Workday
YTD Price Performance: 3.13%
Average Trading Volume: 3,455,316
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $69.1B
For a thorough assessment of WDAY stock, go to TipRanks’ Stock Analysis page.
