Workday To Cut Nearly 2,000 Workers on Profitability Focus (yahoo.com) 9
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?
"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.
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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