💨 Abstract

Workday, a payroll processing company, announced plans to reduce its workforce by 8.5% (1,750 jobs) due to competitive pressures and uncertain economic conditions. The restructuring is expected to incur charges of $230-$270 million, with $60-$70 million recognized in Q4. Despite these cuts, the company expects Q4 and full-year results to meet or exceed expectations.

Courtesy: theprint.in

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