Workday To Cut Nearly 2,000 Workers on Profitability Focus (yahoo.com) 21
Workday is cutting about 8.5% of its workforce, making it the latest technology company to begin 2025 with headcount reductions. From a report: The cuts will amount to about 1,750 workers, Chief Executive Officer Carl Eschenbach wrote in a note to employees Wednesday. "The environment we're operating in today demands a new approach, particularly given our size and scale," he wrote. Workday intends to hire in strategic areas such as AI, allow faster decision-making, and take on more people overseas, Eschenbach wrote. This will advance the company's "ongoing focus on durable growth," Workday said in a filing Wednesday. Shares of Workday jumped more than 5% on the news.
Workday? (Score:2)
Workday who?
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Big honkin HR/Payroll/Finance system as a SaaS...
We adopted it last year to replace part of our homegrown ERP, I'm the lucky guy having to do all of the ETL stuff for on-boarding, employee demo info, financial transactions, etc.
NOT fun, not well documented....
"The environment we're operating in today..." (Score:2)
OutofWorkday
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OutofWorkday
Worknay.
Is it just me? (Score:3)
It it just me or does anyone else think that Workday is just a bloated, useless piece of corporate software? The only modules I've ever used is absence and payslips.
Re: Is it just me? (Score:1)
Nope, not just you. It's one of those pieces of software where you wonder why and how it even got funding.. ie: a family member started it for kickbacks.
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It it just me or does anyone else think that Workday is just a bloated, useless piece of corporate software? The only modules I've ever used is absence and payslips.
You mean to say it has other uses than booking leave and viewing a PDF of your payslip?
Workday has always been a bloated mess, but it's still better than the other bloated messes out there (like ADP) or a home brew solution that is mostly manual.
Race to the bottom (Score:2)
Shares of Workday jumped more than 5% on the news
So what's going to happen as more and more of what companies do and make is accomplished with smaller and smaller workforces? More and more people are going to end up unemployed, with fewer and fewer jobs to apply for. So who will buy the goods and services these companies are offering? Most of their potential customers will have barely enough money to keep themselves and their families fed.
Soon our day-to-day lives might look like those depicted in the movie Elysium - except I'm not expecting so hopeful an
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Shares of Workday jumped more than 5% on the news
So what's going to happen as more and more of what companies do and make is accomplished with smaller and smaller workforces? More and more people are going to end up unemployed, with fewer and fewer jobs to apply for. So who will buy the goods and services these companies are offering? Most of their potential customers will have barely enough money to keep themselves and their families fed.
Soon our day-to-day lives might look like those depicted in the movie Elysium - except I'm not expecting so hopeful an ending for us.
But, stock market! Look at those returns! Share price is everything now. Even if it's all just speculative fantasy. Who cares if nobody can afford to buy the product, so long as the share price climbs!
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But, stock market! Look at those returns! Share price is everything now. Even if it's all just speculative fantasy. Who cares if nobody can afford to buy the product, so long as the share price climbs!
Too true. I guess it's time to revert to my old sig - the one that said "The Economy is a giant Ponzi scheme whose most pitiable suckers are the youngest among us and the yet unborn". It's shocking how much so-called wealth is backed by nothing more than magical thinking fed by bald-faced lies.
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"Elevation in heart rate detected. Would you like a pill?"
Stop talking! ;-}
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Shares of Workday jumped more than 5% on the news
So what's going to happen as more and more of what companies do and make is accomplished with smaller and smaller workforces?
I can imagine the executives pulling out their calculators and thinking ... if laying off 8.5% of the workforce results in a 5% stock bump, then a 17% cut should result in a 10% stock bump ... and a 54% cut would lead to a 30% stock bump. Cha-ching!
Short-term CFO thinking leads to short-term stock bumps and long-term decline. But CFOs only get rewarded from the short-term stock propping and are almost completely shielded from long-term decline due to relatively limited tenures. That's why allowing CFOs t
Workday - Out-of-Work (Score:2)
We've used this service as software for a while but now my large organization is looking to get off the platform for something else. They are looking at HR plugins for other systems actually because they aren't happy with Workday.
I've looked into the Workday API and it is complex and deeply designed for International and Multinational organizations and corporations and a lot of thought has been put into the object and property designs to make the very flexible and deeply complex.
However the caliber of empl