Workday is conducting layoffs for the second time this year, this time affecting around 500 workers. It also trimmed its fiscal third-quarter earnings forecast.
The software-as-a-service giant said in a securities filing Tuesday that it’s cutting approximately 2.5% of its workforce, mainly within its product and technology team, to “better align team structures with Workday’s strategic growth priorities.”
The company, which had over 21,000 employees at the end of January, said it plans to continue hiring in strategic areas and locations throughout fiscal 2027.
Workday shares are down about 12% year to date.
The company previously laid off about…
