Close
Workday is laying off approximately 1,750 employees, which constitutes about 8.5% of its workforce. The CEO, Carl Eschenbach, indicated that these layoffs are part of a strategic shift towards enhancing artificial intelligence capabilities and expanding globally. The company aims to notify most affected employees promptly while also planning to exit certain office spaces.
Despite the layoffs, Workday intends to continue hiring in specific roles and locations over the next year. The restructuring is expected to incur significant costs, estimated between $230 million and $270 million, primarily for severance and employee benefits. This move reflects broader trends in the tech industry, where many companies are restructuring to remain competitive amid rising AI demands.
• Workday's layoffs focus on enhancing AI investments and global expansion.
• The tech sector faces ongoing layoffs amid rising demand for AI capabilities.
Artificial intelligence is a technology that enables machines to perform tasks that typically require human intelligence, such as decision-making and problem-solving.
Restructuring refers to the process of reorganizing a company's structure and operations to improve efficiency and adapt to market changes.
Severance payments are compensation provided to employees who are laid off, helping them transition after job loss.
Workday is a human resources software company focusing on cloud-based solutions, now emphasizing AI to drive growth.
Intel is a leading technology company known for its semiconductor products, which are increasingly integrated with AI technologies.
Cisco specializes in networking hardware and software, incorporating AI to enhance network security and performance.
Apple is a major technology company that utilizes AI in various products and services, enhancing user experience and functionality.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
Log in
Sign Up
AI Tools - Popular
AI Tools - Categories
GPTs - Categories
AI for Jobs
Key AI Highlights in this Article
Key AI Terms Mentioned in this Article
Companies Mentioned in this Article
