Tag: $Workday

Workday said on Wednesday it will cut around 1,750 jobs, or 8.5% of its current workforce, as the human capital management firm invests heavily in artificial intelligence to counter a softer macroeconomic environment.

Shares bounce back after the company gives a new longer-term growth forecast

Shares of Workday Inc. sank in Thursday’s extended session after the company, which makes software for businesses, trimmed its full-year forecast on a key metric.

Human resources software provider Workday beat fourth-quarter profit estimates on Monday helped by strong demand for its cloud-based services, but reiterated its 2025 subscription revenue forecast citing macroeconomic concerns.

Workday WDAY stock is up sharply in late trading Thursday, after the provider of enterprise HR and financial software posted better than-expected results for the fiscal first quarter ended April 30.