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

Workday to cut about 2% of workforce and record $135 million in charges

Negative Impact 4 of 5 restructuring Written later

Workday said on February 4, 2026 that it is reorganizing several functions, which will eliminate about 2% of its current workforce, mostly non-revenue roles in Global Customer Operations. The company expects about $135 million in charges in the fourth quarter of fiscal 2026, and it now expects its GAAP operating margin to fall well below its non-GAAP margin, while its other results are expected to be in line with guidance.

Key points

  • About 2% of Workday's current workforce to be eliminated, primarily in non-revenue roles within Global Customer Operations
  • Approximately $135 million in charges in Q4 fiscal 2026: about $40 million in cash severance and benefits, $15 million in stock-based compensation, and $80 million in non-cash impairment of office space and long-lived assets
  • Q4 fiscal 2026 GAAP operating margin now expected 24 to 25 percentage points below non-GAAP; full-year GAAP margin 22 to 23 points below non-GAAP
  • Fourth-quarter and full-year fiscal 2026 results scheduled for February 24, 2026

The filing

CompanyWorkday (WDAY)
Form8-K, current report
Filed with the SECFeb 4, 2026, 4:04 PM ET
Accession number0001327811-26-000004

Items reported: 2.02 Results of Operations2.05 Exit / Restructuring Costs2.06 Material Impairment

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 04, 2026.

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.