Workday cuts 400 jobs as software stocks tumble

Source: Business Insider

Dado Ruvic/REUTERSWorkday announced layoffs affecting about 2% of its workforce, mostly those in customer-service roles. The company said it's realigning resources while continuing to hire in strategic areas and locations. The cuts come as AI developments rattle software investors, with Workday shares down about 34% from a year ago.

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