BUZZ-Workday rises on job cuts plan
ReutersFeb 5, 2025 3:21 PM
Shares of human resources software provider Workday WDAY.O rise 3.4% to $268.66 in morning trading
WDAY will cut about 1,750 positions, or 8.5% of its current workforce
Co expects to incur around $230 million to $270 million in charges connected to the cost reduction plan
WDAY says it expects its Q4 and full-year financial results to be in line with or above its prior forecast
Up to last close, shares of WDAY have fallen ~12% in the past 12 months
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