Workday Says Workforce Reduction Primarily Within Workday's Product And Technology Team, And Select Leased Office Space Reductions; Q3 GAAP Operating Margin Expected 20-21 Percentage Points Lower Than Q3 Non-GAAP Operating Margin; Fiscal 2027 Full-Year GAAP Operating Margin Expected 19 Points Lower Than Non-GAAP
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Why It Matters
Workday is cutting jobs mostly in product and technology teams. They are also closing some office spaces to save money.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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