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Workday lays off 1,750 employees, citing demand for AI

<p>Workday, the HR and finance management company, is the latest <a data-i13n="cpos:1;pos:1" href="https://www.engadget.com/big-tech-layoffs-183005386.html">tech giant to lay off a mass of employees[/url] in the name of AI. In a Wednesday <a data-i13n="cpos:2;pos:1" href="https://blog.workday.com/en-us/changes-position-workday-for-future.html">announcement titled &quot;Changes to Position Workday for the Future[/url],&quot; the organization shared that it's eliminating 1,750 employees, about 8.5 percent of its workforce. The public statement from CEO Carl Eschenbach was initially emailed to employees.&nbsp;</p>
<p>Within a series of paragraphs in which Eschenbach acted really torn up about choosing AI over people, he summed up this trend pretty clearly: &quot;Companies everywhere are reimagining how work gets done, and the increasing <a data-i13n="cpos:3;pos:1" href="https://www.engadget.com/ai/uk-to-fast-track-data-center-approvals-as-part-of-ai-action-plan-163753744.html">demand for AI[/url] has the potential to drive a new era of growth for Workday.&quot;</p>
<span id="end-legacy-contents"></span><p>Eschenbach later adds that Workday will be &quot;prioritizing innovation investments like AI and platform development, and rigorously evaluating the ROI of others across the board.&quot; Though, he claims the company will also &quot;hire in key strategic areas and locations&quot; this year.</p>
<p>According to the announcement, Workday tried to meet with as many impacted employees as possible on Wednesday, so some individuals might not immediately know their fate. US-based employees will receive at least 12 weeks of pay, while employees in other countries (with potentially stronger protections for workers) will receive benefits based on local regulations.&nbsp;</p>This article originally appeared on Engadget at https://www.engadget.com/ai/workday-lays-off-1750-employees-citing-demand-for-ai-134922398.html?src=rss

Source: Workday lays off 1,750 employees, citing demand for AI (https://www.engadget.com/ai/workday-lays-off-1750-employees-citing-demand-for-ai-134922398.html?src=rss)