Workday(WDAY)2025-02-25 21:02Financial Outlook - Workday expects its fiscal 2025 fourth quarter and full-year financial results to be in-line with or above its previous guidance, except for GAAP operating margin, which is projected to be 22 to 23 percentage points lower than non-GAAP for Q4 and 21 percentage points lower for the full year [5]. - Workday's financial outlook for the fourth quarter and fiscal year ending January 31, 2025, includes forward-looking statements that are subject to risks and uncertainties [13]. - Workday's actual results may differ materially from its forward-looking statements due to various risks, including potential higher costs associated with the restructuring plan [13]. Restructuring Plan - The company announced a restructuring plan that will eliminate approximately 1,750 positions, representing 8.5% of its current workforce, while continuing to hire in key strategic areas [7]. - Workday estimates it will incur charges of approximately 270 million related to the restructuring plan, with 70 million expected to be recognized in Q4 of fiscal 2025 [8]. - The restructuring plan includes approximately 175 million in future cash expenditures for severance and employee benefits, and 60 million in non-cash charges for stock-based compensation [8]. - The actions associated with the restructuring plan are expected to be substantially complete by the second quarter of fiscal 2026 [9]. - The company plans to exit certain owned office space as part of the restructuring efforts [7]. - Workday's restructuring plan aims to prioritize investments and focus on durable growth [7]. - The company will recognize impairment charges related to office space in the first quarter of fiscal 2026 [11].