New York (AP) – The working day reduces about 1750 jobs, or 8.5 % of the workforce.
On Wednesday’s memo for employees, published in a securities file, the CEO of Workday Carl Eschenbach said that workers’ layoffs are necessary for the company’s continuous growth efforts – including a special focus on artificial intelligence investments.
“With the start of our new financial year, we are in a pivotal moment,” Eschenbach wrote. “Everywhere companies re -imagine how to do work, and the increasing demand for artificial intelligence has the ability to lead a new era of growth on the day of work.”
Workday aims to notify the majority of employees affected by discounts on Wednesday. “I realize that this is difficult news, and this affects all of us,” Ishbach added – encouraged employees to work or go home for this day.
Maker of Human Resources Coftware also revealed that it expects to get out of a certain office space, but it has not specified a schedule or any sites that may be affected. However, the Eschenbach note indicates that restructuring will succeed in expanding the Workday Global range through “Investing in Strategic Sites”.
Despite the demobilization of the current workers, the manufacture of the Human Resources Program says that he still expects to continue employment in certain sites and situations during the next year.
The working day is estimated that it will bear between $ 230 million and 270 million dollars in fees related to the restructuring plan – primarily in service payments, the advantages of employees and other related costs. Eschenbach said on Wednesday that at least 12 weeks of wage will be provided, with additional weeks on the basis of possession.
The discounts at work on the day of work will reach the continued demobilization of workers through the technology sector – including large names such as Intelfor Cisco and apple During the past year – amid a wider wave of unification of the industry. Many companies have turned into restructuring while struggling with how to maintain competition with advanced consumer spending, while increasing the prosecution’s investments.
Workday plans to issue profits results for the full fiscal year for 2025 later this month. In the third quarter, Pleasanton, California, recorded a net of $ 193 million, 2.16 billion dollars-a rise in a net income of $ 132 million and 2.09 billion dollars in the previous period.
The shares of the working day increased by more than 2.5 % by midday on Wednesday.