Workday to Lay Off 1,750 Employees as Part of Restructuring Plan

Workday (WDAY) announced in a regulatory filing Wednesday that it plans to lay off approximately 1,750 employees, or 8.5% of its workforce, as part of a restructuring plan. The enterprise software company said the plan is intended to "continue advancing Workday’s ongoing focus on durable growth." Workday expects "it will incur approximately $230 million to $270 million in charges in connection with the Plan, of which approximately $60 million to $70 million is expected to be recognized in the fourth quarte ...