Workday plans to permanently lay off 142 people at its Pleasanton headquarters, according to a notice the company filed with California's Employment Development Department.
The state's latest WARN report, which covers notices processed from July 1 through Sept. 30, lists the cuts at 6110 Stoneridge Mall Road. The notice is dated Sept. 29 and gives an effective date of Monday, Nov. 30. The state classifies the action as a permanent layoff, not a closure, and places the jobs in the information industry.
Part of a companywide cut
The Pleasanton figure is one piece of a broader reduction. In a Sept. 29 filing with the U.S. Securities and Exchange Commission, Workday said several of its functions had announced reorganizations "designed to better align team structures with Workday's strategic growth priorities."
The company said the moves would cut about 2.5% of its current workforce, mostly on its Product and Technology team, and would also shed some leased office space.
Workday told investors it still expects to hire "in key strategic areas and locations" during its fiscal 2027.
The company estimated the reorganization will cost $65 million to $80 million. Of that, $40 million to $55 million is expected to be cash spent on severance, benefits and related costs, about $10 million is non-cash stock compensation, and about $15 million is a non-cash charge for impairing leased office space.
Workday said the employee-related steps should be largely done by the first quarter of fiscal 2028, depending on local laws and consultation rules.
