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California HR tech firm lays off hundreds of employees

January 31, 2023

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Another California technology firm is reducing headcount ahead of an anticipated recession.

Workday Inc. is cutting 3% (roughly 525 employees) of its global workforce, the company said in an email to staff on Tuesday. The majority of the Pleasanton, CA-based HR tech provider’s cuts will affect the “Product & Technology” organization.

The company had about 17,000 employees as of July, according to data compiled by Bloomberg.

“These moves are not the result of over-hiring and, in fact, we plan to increase the size of our global workforce in FY24. Based on what we know today, we have no plans to take similar actions of this size in the foreseeable future,” wrote co-CEOs Aneel Bhusri and Carl Eschenbach.

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