Workday to cut workforce about 2.5% in reorganization

Workday launched a corporate reorganization aligned with strategic growth priorities, including a workforce reduction of about 2.5%. Restructuring charges are estimated at $65 million to $80 million, with $55 million to $70 million expected in fiscal 2027 Q3 and the remainder in fiscal 2027 Q4, including $15 million of non-cash lease-impairment charges.