ExplicitFebruary 5, 2025· Enterprise Software
Workday
On February 5, 2025, Workday announced 1,750 job losses. The company explicitly cited AI as a factor.
Jobs lost
1,750
US jobs
1,750
Workforce
20,588
% of workforce
8.5%
Editorial note
On Feb. 5, 2025, Workday announced it would cut roughly 1,750 jobs, about 8.5% of its workforce, in a restructuring that prioritized AI investment and international expansion. The attribution is Explicit because the company itself named AI as the driver: in a memo, CEO Carl Eschenbach said "the increasing demand for AI has the potential to drive a new era of growth for Workday."
Sources
Market reaction
On the day of announcement, Workday stock moved -44.8%.