Workday Cuts 3% of Global Staff in ‘Challenging’ Environment

Workday Inc., which makes software for business tasks such as human resources, said it was eliminating 3% of its global workforce in response to a “challenging” global economic environment.

“We have decided to restructure and realign some teams across Workday, leading to the difficult decision to eliminate roles,” the company said in an email to staff on Tuesday, adding that the majority of cuts would be “happening in our Product & Technology organization.”