Workday reorganizes teams, cuts workforce about 2.5%

• 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Workday Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001327811-26-000048), on September 29, 2026, and is solely responsible for the information contained therein.