Workday, a cloud-based business management platform with its headquarters in Pleasanton, is laying off three percent of its workforce, according to an SEC filing. The majority of the layoffs will impact workers in the company’s product & technology division, according to post co-written by Workday’s co-CEOs, Aneel Bhusri and Carl Eschenbach.
The note from the CEOs cites factors that include “aligning resources against business priorities,” “optimizing in certain areas,” and “prioritizing to meet customer and market demands.” One notable difference between these layoffs and many of the recent tech layoffs in the Bay Area and beyond, is that these layoffs are not a result of over-hiring during the pandemic, according to the co-CEOs.
“These moves are not the result of over-hiring and in fact, we plan to increase the size of our global workforce in FY24,” the note reads in part. It also sounds like the company does not plan additional layoffs.