Workday announces workforce reduction of ~3% as part of resource realignment

Workday, Inc.

Elimination of ~3% of global workforce, majority in Product & Technology organization.
U.S. severance: 3 months pay, extra 2 weeks per year of service, stock vest through April, FY23 bonus, 6 months medical.
Company plans to increase overall workforce in FY24; no similar actions of this size anticipated.
Restructuring aims to align resources with strategic priorities and improve operational efficiency.

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