secwatch.observer — SEC 8-K summary
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Issuer:     Workday, Inc. (WDAY)
CIK:        0001327811
Form:       8-K
Filed at:   2026-09-29T20:01:40+00:00
Accession:  0001327811-26-000048
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 2.05
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327811/000132781126000048/0001327811-26-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327811/000132781126000048/wday-20260929.htm
  HTML page:      https://secwatch.observer/filing/0001327811-26-000048

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