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AI brief of an SEC Form 8-K · Workday (WDAY)

Workday to cut about 1,750 jobs, 8.5% of workforce, with $230 million to $270 million in charges

Mixed Impact 4 of 5 restructuring Written later

Workday announced a restructuring plan to eliminate about 1,750 positions, or 8.5% of its current workforce, and to exit certain owned office space. The company expects fiscal 2025 fourth-quarter and full-year results to be in line with or above prior guidance, except for GAAP operating margin, which will be reduced by the charges from the plan.

Key points

  • Plan expected to cost $230 million to $270 million, with $60 million to $70 million recognized in the fourth quarter of fiscal 2025 and the rest in the first quarter of fiscal 2026
  • About $145 million to $175 million of the charges are future cash expenditures for severance and related costs; about $50 million to $60 million are non-cash stock-based compensation; about $35 million are non-cash office space impairment c
  • Actions expected to be substantially complete by the second quarter of fiscal 2026; fourth-quarter GAAP operating margin expected to be 22 to 23 percentage points below non-GAAP margin

The filing

CompanyWorkday (WDAY)
Form8-K, current report
Filed with the SECFeb 5, 2025, 6:08 AM ET
Accession number0001327811-25-000030

Items reported: 2.02 Results of Operations2.05 Exit / Restructuring Costs2.06 Material Impairment7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 05, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.