Workday, the enterprise HR platform, has announced the layoff of 1,750 employees, which constitutes about 8.5% of its workforce. This decision is part of a broader trend in the tech industry, where many companies are slashing jobs to navigate economic uncertainties. Workday’s CEO, Carl Eschenbach, emphasizes the need for a new strategy in the current market landscape and has indicated plans to recruit talent in artificial intelligence to bolster the company’s capabilities.
"Workday CEO Carl Eschenbach stated that the company needs a new approach in the current market and plans to hire AI talent to adapt to changing demands."
"Workday's recent layoffs of 1,750 employees—approximately 8.5% of its workforce—indicate a significant shift, especially as the company had not made drastic cuts in prior years."
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