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Workday to lay off 2.5% of its workforce, primarily impacting product and technology teams.
Workday will reduce its workforce by approximately 2.5%, primarily within its product and technology teams, and will also downsize some office space. This restructuring is expected to incur charges of $65 million to $80 million, but Workday reiterated its financial guidance for the third quarter and full fiscal year 2027 and will continue to hire in key strategic areas.
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