12.1 C
New York
Monday, March 4, 2024

Buy now

Workday will lay off more than 500 workers, 3% of its workforce

The American technology firm Workday, specialized in business management software and human resources, plans to carry out a workforce adjustment that will affect around 3% of its more than 17,000 employees, which will mean the departure of more than half a thousand workers .

“We have decided to restructure and realign some teams at Workday, which has led us to make the difficult decision to eliminate roles that affect approximately 3% of our global workforce, the majority in our Products and Technology organization,” the company announced. company this Tuesday.

Unlike other tech companies that have recently announced layoffs, Workday has stressed that the cuts are “not the result of over-hiring,” adding that it plans to increase its workforce during the fiscal year and stressing that it does not plan to take similar actions in this regard. magnitude in the foreseeable future.

In this way, the multinational has indicated that these measures seek to position Workday for continued growth, which includes continuing to invest in strategic areas of the business; align resources with business priorities; optimize in certain areas for operational efficiency; and prioritize to meet customer and market demands.

In this sense, Workday has defended that, although confidence in the fundamentals of the business and the prospects for future growth remain strong, it continues to operate in a global economic environment that represents a challenge for companies of all sizes.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

21,156FansLike
3,912FollowersFollow
2,245SubscribersSubscribe
- Advertisement -spot_img

Latest Articles