---
schema_version: "secwatch.filing_event.v1"
accession: "0001327811-26-000048"
form_type: "8-K"
ticker: "WDAY"
cik: "0001327811"
company_name: "Workday, Inc."
filed_at: "2026-09-29T20:01:40+00:00"
generated_at: "2026-10-12T13:52:39.371982+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Workday cuts ~2.5% of workforce; takes $65-80M restructuring charge, trims GAAP margin outlook

## Summary
- Reduction of ~2.5% of current workforce, primarily within the Product and Technology team, plus select leased office space reductions.
- Expects $65-80M total charges: $55-70M in Q3 FY2027 and $10M in Q4 FY2027, including $40-55M of cash severance, benefits and related costs.
- Charges also include ~$10M non-cash stock-based compensation and ~$15M non-cash impairment of certain leased office space.
- Q3 FY2027 GAAP operating margin now ~20-21 points below non-GAAP; FY2027 GAAP margin ~19 points below non-GAAP; all other guidance reiterated from the Aug 27, 2026 call.
- Employee actions expected substantially complete by Q1 FY2028, office-space actions by Q4 FY2027; Workday plans to keep hiring in key strategic areas.

## SEC filing metadata
- accession: 0001327811-26-000048
- form_type: 8-K
- ticker: WDAY
- cik: 0001327811
- company_name: Workday, Inc.
- filed_at: 2026-09-29T20:01:40+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327811/000132781126000048/0001327811-26-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327811/000132781126000048/wday-20260929.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001327811-26-000048
- JSON: https://secwatch.observer/filing/0001327811-26-000048.json
- Plain text: https://secwatch.observer/filing/0001327811-26-000048.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.