Workday is doing its second round of layoffs this year in the wake of the SaaSpocalypse - Business Insider

Workday said in a securities filing on Tuesday that it is cutting approximately 2.5% of its workforce, mainly within its product and technology team. The company described the change as intended to 'better align team structures with Workday's strategic growth priorities.' It is Workday's second round of layoffs this year. Business Insider's headline frames the cuts as taking place 'in the wake of the SaaSpocalypse.'

Workday had more than 21,000 employees at the end of January, according to the article. Its earlier round, in February, involved about 400 employees, and the article states that the company did not cite AI as a catalyst for the cuts. The excerpt does not attribute the February reduction to AI either. It does not identify which products, roles, or locations are affected beyond the product and technology team, and it gives no headcount for the current round beyond the 2.5% figure.

The article does not state when the current cuts will be completed, what severance terms apply, or whether further reductions are planned. The only rationale it reports is the filing's language about aligning team structures with strategic growth priorities. The 'SaaSpocalypse' appears in the headline only, without explanation or any stated connection to the company's reasons for the cuts. The February round was the first of the two reported this year. The excerpt includes no named executive and no company statement beyond the filing language.