Workday reorganizes teams, cuts workforce about 2.5%
Bitget2026/09/29 20:02- Workday launched a corporate reorganization to align teams with strategic growth priorities, including a workforce reduction of about 2.5%.
- Job cuts largely target the Product and Technology organization; select reductions in leased office space also planned.
- Restructuring charges estimated at $65 million to $80 million, with $55 million to $70 million expected in fiscal 2027 Q3.
- Remaining charges expected in fiscal 2027 Q4; includes $15 million of non-cash lease-impairment charges.
- Fiscal 2027 Q3 GAAP operating margin expected to trail non-GAAP by about 20-21 percentage points due to the actions.
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