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Workday, Inc. (WDAY) filed an 8-K current report with the SEC on September 29, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item 2.05 (Costs Associated with Exit or Disposal Activities). Workday reiterating fiscal 2027 third-quarter and full-year financial guidance.
Workday, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Workday reiterating fiscal 2027 third-quarter and full-year financial guidance
- GAAP operating margin guidance exception following activities discussed in the filing
- Investors should focus on the referenced activities’ potential impact on reported profitability
Item 2.05 · Costs Associated with Exit or Disposal Activities
- Workforce reduction of approximately 2.5%, concentrated in Product and Technology, alongside leased-office footprint reductions
- Estimated restructuring charges of $65 million–$80 million, with $55 million–$70 million in Q3 fiscal 2027
- Charges include $40 million–$55 million cash severance costs and $25 million non-cash stock compensation and lease impairments
- Employee actions expected substantially complete by Q1 fiscal 2028; office reductions by Q4 fiscal 2027
- Continued hiring in strategic areas signals portfolio reallocation rather than a broad hiring freeze
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