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1<meta name="next-size-adjust" content=""/><meta name="theme-color" content="#ffffff"/><title>Workday is cutting about 500 jobs, mostly product and technology, its second round this year. | MindPattern</title><meta name="description" content="Business Insider reported about 2.5% of staff on September 29, after roughly 400 cuts in February, and Workday lowered its fiscal Q3 earnings outlook for restru"/><meta name="application-name" content="MindPattern"/><link rel="manifest" href="/manifest.webmanifest"/><meta name="robots" content="index, follow"/><meta name="googlebot" content="index, follow, max-video-preview:-1, max-image-preview:large, max-snippet:-1"/><link rel="canonical" href="https://mindpattern.ai/s/2026-09-30-workday-is-cutting-about-500-jobs-mostly-product-and-technology-its-second-round-this"/><meta name="mobile-web-app-capable" content="yes"/><meta name="apple-mobile-web-app-title" content="MindPattern"/><meta name="apple-mobile-web-app-status-bar-style" content="default"/><meta property="og:title" content="Workday is cutting about 500 jobs, mostly product and technology, its second round this year."/><meta property="og:description" content="Business Insider reported about 2.5% of staff on September 29, after roughly 400 cuts in February, and Workday lowered its fiscal Q3 earnings outlook for restru"/><meta property="og:url" content="https://mindpattern.ai/s/2026-09-30-workday-is-cutting-about-500-jobs-mostly-product-and-technology-its-second-round-this"/><meta property="og:site_name" content="MindPattern"/><meta property="og:image" content="https://mindpattern.ai/og/story/2026-09-30-workday-is-cutting-about-500-jobs-mostly-product-and-technology-its-second-round-this.png"/><meta property="og:image:width" content="1200"/><meta property="og:image:height" content="630"/><meta property="og:image:type" content="image/png"/><meta property="og:image:alt" content="Workday is cutting about 500 jobs, mostly product and technology, its second round this year. · MindPattern"/><meta property="og:type" content="article"/><meta property="article:published_time" content="2026-09-30"/><meta name="twitter:card" content="summary_large_image"/><meta name="twitter:title" content="Workday is cutting about 500 jobs, mostly product and technology, its second round this year."/><meta name="twitter:description" content="Business Insider reported about 2.5% of staff on September 29, after roughly 400 cuts in February, and Workday lowered its fiscal Q3 earnings outlook for restru"/><meta name="twitter:image" content="https://mindpattern.ai/og/story/2026-09-30-workday-is-cutting-about-500-jobs-mostly-product-and-technology-its-second-round-this.png"/><meta name="twitter:image:alt" content="Workday is cutting about 500 jobs, mostly product and technology, its second round this year. · MindPattern"/><link rel="icon" href="/favicon.ico?favicon.0b3bf435.ico" sizes="256x256" type="image/x-icon"/><link rel="icon" href="/icon.svg?icon.bb8e52df.svg" sizes="any" type="image/svg+xml"/>
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1<main class="pb-24"><header class="relative mx-auto max-w-[1080px] px-8 pb-2 pt-10 max-sm:px-5 max-sm:pt-6"><a class="rise-in type-kicker inline-block text-ink-soft transition-colors duration-[var(--dur-fast)] hover:text-ink focus-visible:outline-2 focus-visible:outline-ink focus-visible:outline-offset-2" style="--i:0" href="/">â The Wire</a><p class="rise-in type-kicker mt-6 text-[color:var(--tc-text)]" style="--i:1"><span class="tag-chip mr-3 align-middle normal-case">Markets</span>2026-09-30 · source-backed</p><h1 class="type-display relative z-[1] mt-2 max-w-[24ch] text-[clamp(2.25rem,5vw,3.5rem)] leading-[1.05] tracking-[-0.02em] text-ink" style="font-variation-settings:"wdth" 114;font-weight:850">Workday is cutting about 500 jobs, mostly product and technology, its second round this year.</h1><div class="rise-in mt-8 flex flex-wrap items-center gap-x-9 gap-y-3 border-t-[3px] border-(--tc) py-3" style="--i:5"><div><div class="type-kicker text-ink-faint">Issue</div><a class="mt-0.5 block font-mono text-[0.75rem] font-semibold text-ink hover:underline" href="/briefings/2026-09-30">2026-09-30</a></div><div><div class="type-kicker text-ink-faint">Confidence</div><div class="mt-0.5 font-mono text-[0.75rem] font-semibold uppercase text-ink">source-backed</div></div><div><div class="type-kicker text-ink-faint">Sources</div><div class="mt-0.5 font-mono text-[0.75rem] font-semibold text-ink">1</div></div><div><div class="type-kicker text-ink-faint">Redaction</div><div class="mt-0.5 font-mono text-[0.75rem] font-semibold uppercase text-ink">redacted</div></div><span class="flex flex-wrap items-center gap-2 ml-auto"><button type="button" aria-label="Share on X" class="inline-flex min-h-[44px] items-center gap-1.5 rounded-full px-4 py-2 font-mono text-[0.6875rem] font-semibold uppercase tracking-[0.14em] transition-all duration-(--dur-fast) ease-(--ease-swift) hover:-translate-y-0.5 focus-visible:outline-2 focus-visible:outline-ink focus-visible:outline-offset-2 active:scale-95 bg-panel text-ink hover:bg-ink hover:text-white">X</button><button type="button" aria-label="Share on Bluesky" class="inline-flex min-h-[44px] items-center gap-1.5 rounded-full px-4 py-2 font-mono text-[0.6875rem] font-semibold uppercase tracking-[0.14em] transition-all duration-(--dur-fast) ease-(--ease-swift) hover:-translate-y-0.5 focus-visible:outline-2 focus-visible:outline-ink focus-visible:outline-offset-2 active:scale-95 bg-panel text-ink hover:bg-ink hover:text-white">Bluesky</button><button type="button" aria-label="Share on LinkedIn" class="inline-flex min-h-[44px] items-center gap-1.5 rounded-full px-4 py-2 font-mono text-[0.6875rem] font-semibold uppercase tracking-[0.14em] transition-all duration-(--dur-fast) ease-(--ease-swift) hover:-translate-y-0.5 focus-visible:outline-2 focus-visible:outline-ink focus-visible:outline-offset-2 active:scale-95 bg-panel text-ink hover:bg-ink hover:text-white">LinkedIn</button><button type="button" class="inline-flex min-h-[44px] items-center gap-1.5 rounded-full px-4 py-2 font-mono text-[0.6875rem] font-semibold uppercase tracking-[0.14em] transition-all duration-(--dur-fast) ease-(--ease-swift) hover:-translate-y-0.5 focus-visible:outline-2 focus-visible:outline-ink focus-visible:outline-offset-2 active:scale-95 bg-panel text-ink hover:bg-ink hover:text-white"><svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-copy h-3.5 w-3.5" aria-hidden="true"><rect width="14" height="14" x="8" y="8" rx="2" ry="2"></rect><path d="M4 16c-1.1 0-2-.9-2-2V4c0-1.1.9-2 2-2h10c1.1 0 2 .9 2 2"></path></svg>Copy link</button></span></div></header><div class="mx-auto max-w-[720px] px-8 max-sm:px-5"><section class="mt-8"><h2 class="type-kicker text-ink">Story</h2><div class="mt-3"><div class="streamdown-wire-room"><p>Business Insider reported about 2.5% of staff on September 29, after roughly 400 cuts in February, and Workday lowered its fiscal Q3 earnings outlook for restructuring costs with shares down about 12% this year. Workday framed the cuts as aligning teams to growth priorities, and CEO Aneel Bhusri has said he hasn't met a single customer looking to replace Workday (<a href="https://uk.finance.yahoo.com/news/workday-doing-another-round-layoffs-212052410.html" target="_blank" rel="noopener" data-streamdown="link">Business Insider via Yahoo Finance</a>). Two rounds of product and engineering cuts at the HR system of record, during a month of HR-agent launches from LinkedIn, Paychex and Neeyamo, is the tension to sit with.</p></div></div></section></div><section class="scroll-rise mx-auto mt-10 max-w-[720px] px-8 max-sm:px-5"><h2 class="type-display border-t-[3px] border-(--tc) pt-2.5 text-[25px] uppercase leading-[1.04] text-ink">Related stories</h2><p class="mb-2 mt-1 font-mono text-[0.6875rem] text-ink-faint">Each link below shares sources, entities, or timing with this story.</p><ol><li class="flood-row rule-row group"><a class="grid grid-cols-[1fr_auto] gap-5 px-4 py-4" href="/s/2026-09-08-founders-are-returning-as-ceo-specifically-to-cannibalize-their-own-seat-based-pricin"><div class="min-w-0"><h3 class="type-display text-[1.1875rem] leading-[1.1] text-ink">Founders retook the CEO seat to kill their own pricing</h3><p class="mt-2 font-serif text-[0.9375rem] leading-[1.5] text-ink-soft">SaaStr names three: Daniel Dines at UiPath (Q2 FY27 ARR $1.938B, +12%, NRR 109%), Aneel Bhusri at Workday from February 9 (subscription revenue $2.471B, +13.9%, guiding down to about 11%), and Eoghan McCabe at Intercom, which renamed itself Fin in May around a $400M+ recurring...</p></div></a></li><li class="flood-row rule-row group"><a class="grid grid-cols-[1fr_auto] gap-5 px-4 py-4" href="/s/2026-05-20-your-api-just-got-graded-and-workday-got-a-38"><div class="min-w-0"><h3 class="type-display text-[1.1875rem] leading-[1.1] text-ink">Your API Just Got Graded, and Workday Got a 38</h3><p class="mt-2 font-serif text-[0.9375rem] leading-[1.5] text-ink-soft">SaaStr published an expanded AI Agent API Report Card grading 144 B2B APIs across six dimensions: API design, events/streaming, auth/security, rate limits, SDKs/docs, and agent readiness. The average score was 71 out of 100. A C+. The leaderboard tells a story. Stripe scored 9...</p></div></a></li><li class="flood-row rule-row group"><a class="grid grid-cols-[1fr_auto] gap-5 px-4 py-4" href="/s/2026-09-04-salesforce-at-45b-arr-agentforce-is-in-under-5-000-of-150-000-customers"><div class="min-w-0"><h3 class="type-display text-[1.1875rem] leading-[1.1] text-ink">Salesforce at $45B ARR: Agentforce is in under 5,000 of 150,000+ customers</h3><p class="mt-2 font-serif text-[0.9375rem] leading-[1.5] text-ink-soft">The loudest enterprise-agent number of the quarter falls apart when you divide it. SaaStr's breakdown of Salesforce Q2 FY27 (reported August 26, stock up 23%) puts cRPO at $33.5B growing 14% against 11% revenue growth. Agentforce ARR passed $1.5B at +240% on 3.2 billion agenti...</p></div></a></li><li class="flood-row rule-row group"><a class="grid grid-cols-[1fr_auto] gap-5 px-4 py-4" href="/s/2026-04-06-software-trades-below-the-s-p-500-for-the-first-time-in-history-two-trillion-gone"><div class="min-w-0"><h3 class="type-display text-[1.1875rem] leading-[1.1] text-ink">Software Trades Below the S&P 500 for the First Time in History. Two Trillion Gone.</h3><p class="mt-2 font-serif text-[0.9375rem] leading-[1.5] text-ink-soft">IGV is down 24% in Q1. That's the worst quarter for software since 2008. But here's the number that stopped me cold: for the first time in modern history, software valuations have fallen below the S&P 500 multiple. SaaStr put the market cap destruction at roughly $2 trillion s...</p></div></a></li><li class="flood-row rule-row group"><a class="grid grid-cols-[1fr_auto] gap-5 px-4 py-4" href="/s/2026-07-29-enterprise-software-staged-a-violent-rebound-on-july-27-and-it-settles-nothing"><div class="min-w-0"><h3 class="type-display text-[1.1875rem] leading-[1.1] text-ink">
1Enterprise software staged a violent rebound on July 27, and it settles nothing.</h3><p class="mt-2 font-serif text-[0.9375rem] leading-[1.5] text-ink-soft">24/7 Wall St. tracked Workday +10%, ServiceNow +8%, Salesforce +7%, Adobe and Palantir each +7%, triggered by NVIDIA and AMD dropping 5-7% on a report that NVIDIA is guaranteeing OpenAI data-center financing. The context matters more than the day: Salesforce is still down 33%...</p></div></a></li><li class="flood-row rule-row group"><a class="grid grid-cols-[1fr_auto] gap-5 px-4 py-4" href="/s/2026-07-27-software-stocks-violently-reversed-the-openai-presence-selloff-in-one-session"><div class="min-w-0"><h3 class="type-display text-[1.1875rem] leading-[1.1] text-ink">Software Stocks Erase Last Week's OpenAI-Linked Selloff</h3><p class="mt-2 font-serif text-[0.9375rem] leading-[1.5] text-ink-soft">On July 27, Salesforce jumped ~7%, ServiceNow ~8%, Workday ~10% â the same five incumbents Presence repriced last week â with money rotating out of NVIDIA and AMD (both down 5-7% on the OpenAI financing-guarantee report). The bull case cited was that incumbents are monetizing...</p></div></a></li></ol></section><section id="subscribe" class="mx-auto mb-16 mt-10 max-w-[1240px] px-8 max-sm:px-5"><div class="rounded-[20px] bg-ink px-8 py-10 text-white sm:px-12"><div class="flex flex-wrap items-end gap-8"><div class="min-w-[240px] flex-1"><p class="font-mono text-[10.5px] font-semibold uppercase tracking-[0.2em] text-white/80">MindPattern daily</p><h2 class="type-display mt-3 text-[clamp(26px,3.4vw,40px)] uppercase leading-[1.02] text-white" style="font-variation-settings:"wdth" 114;font-weight:850">Tomorrow's issue, in your inbox.</h2><p class="mt-3 max-w-[52ch] font-mono text-[11.5px] leading-[1.6] tracking-[0.04em] text-white/80">One email a day at 7 AM. Sources and a take on every story. Unsubscribe anytime.</p></div><form class="flex w-full flex-wrap gap-3 sm:w-auto"><label for="_R_5qnpfiusnjb_" class="sr-only">Email address</label><input id="_R_5qnpfiusnjb_" type="email" inputMode="email" autoComplete="email" required="" placeholder="[email protected]" aria-invalid="false" class="w-full min-w-0 rounded-full border-0 bg-white px-6 py-3 text-base text-ink outline-none transition-colors duration-(--dur-fast) placeholder:font-mono placeholder:text-ink-faint focus-visible:outline-2 focus-visible:outline-offset-2 focus-visible:outline-white sm:w-[260px]" name="email" value=""/><button type="submit" class="group shrink-0 rounded-full bg-white px-6 py-3 font-mono text-[11px] font-semibold uppercase tracking-[0.14em] text-ink transition-transform duration-(--dur-fast) hover:brightness-95 focus-visible:outline-2 focus-visible:outline-offset-2 focus-visible:outline-white active:scale-95 disabled:bg-panel disabled:text-ink-faint">Subscribe<!-- --> <span aria-hidden="true" class="inline-block transition-transform duration-(--dur-fast) group-hover:translate-x-0.5">â</span></button></form></div></div></section><div class="mx-auto max-w-[720px] px-8 max-sm:px-5"><section class="scroll-rise mt-10 border-t border-ink pt-5"><h2 class="type-kicker text-ink">Source trail</h2><ul class="mt-3"><li class="border-t border-line py-3 first:border-t-0"><a href="https://uk.finance.yahoo.com/news/workday-doing-another-round-layoffs-212052410.html" target="_blank" rel="noopener" class="font-serif text-[1.0625rem] leading-[1.45] text-ink underline decoration-line decoration-1 underline-offset-4 transition-colors duration-[var(--dur-fast)] hover:decoration-ink focus-visible:outline-2 focus-visible:outline-ink focus-visible:outline-offset-2">Business Insider via Yahoo Finance</a><a class="type-kicker mt-1 block w-fit text-ink-faint transition-colors duration-[var(--dur-fast)] hover:text-ink focus-visible:outline-2 focus-visible:outline-ink focus-visible:outline-offset-2" href="/source/uk.finance.yahoo.com">More from <!-- -->uk.finance.yahoo.com</a></li></ul></section><section class="scroll-rise mt-10 border-t border-ink pt-5"><h2 class="type-kicker text-ink">Entities</h2><div class="mt-3 flex flex-wrap gap-3"><a class="inline-block rounded-full bg-panel px-4 py-2 font-mono text-[0.65625rem] font-semibold uppercase tracking-[0.1em] text-ink transition-all duration-[var(--dur-fast)] ease-[var(--ease-swift)
1] hover:-translate-y-0.5 hover:bg-ink hover:text-white focus-visible:outline-2 focus-visible:outline-ink focus-visible:outline-offset-2" href="/e/business-insider">Business Insider</a><a class="inline-block rounded-full bg-panel px-4 py-2 font-mono text-[0.65625rem] font-semibold uppercase tracking-[0.1em] text-ink transition-all duration-[var(--dur-fast)] ease-[var(--ease-swift)] hover:-translate-y-0.5 hover:bg-ink hover:text-white focus-visible:outline-2 focus-visible:outline-ink focus-visible:outline-offset-2" href="/e/ceo-aneel-bhusri">CEO Aneel Bhusri</a><a class="inline-block rounded-full bg-panel px-4 py-2 font-mono text-[0.65625rem] font-semibold uppercase tracking-[0.1em] text-ink transition-all duration-[var(--dur-fast)] ease-[var(--ease-swift)] hover:-translate-y-0.5 hover:bg-ink hover:text-white focus-visible:outline-2 focus-visible:outline-ink focus-visible:outline-offset-2" href="/e/february">February</a><a class="inline-block rounded-full bg-panel px-4 py-2 font-mono text-[0.65625rem] font-semibold uppercase tracking-[0.1em] text-ink transition-all duration-[var(--dur-fast)] ease-[var(--ease-swift)] hover:-translate-y-0.5 hover:bg-ink hover:text-white focus-visible:outline-2 focus-visible:outline-ink focus-visible:outline-offset-2" href="/e/linkedin">LinkedIn</a><a class="inline-block rounded-full bg-panel px-4 py-2 font-mono text-[0.65625rem] font-semibold uppercase tracking-[0.1em] text-ink transition-all duration-[var(--dur-fast)] ease-[var(--ease-swift)] hover:-translate-y-0.5 hover:bg-ink hover:text-white focus-visible:outline-2 focus-visible:outline-ink focus-visible:outline-offset-2" href="/e/neeyamo">Neeyamo</a><a class="inline-block rounded-full bg-panel px-4 py-2 font-mono text-[0.65625rem] font-semibold uppercase tracking-[0.1em] text-ink transition-all duration-[var(--dur-fast)] ease-[var(--ease-swift)] hover:-translate-y-0.5 hover:bg-ink hover:text-white focus-visible:outline-2 focus-visible:outline-ink focus-visible:outline-offset-2" href="/e/paychex">Paychex</a><a class="inline-block rounded-full bg-panel px-4 py-2 font-mono text-[0.65625rem] font-semibold uppercase tracking-[0.1em] text-ink transition-all duration-[var(--dur-fast)] ease-[var(--ease-swift)] hover:-translate-y-0.5 hover:bg-ink hover:text-white focus-visible:outline-2 focus-visible:outline-ink focus-visible:outline-offset-2" href="/e/september">September</a><a class="inline-block rounded-full bg-panel px-4 py-2 font-mono text-[0.65625rem] font-semibold uppercase tracking-[0.1em] text-ink transition-all duration-[var(--dur-fast)] ease-[var(--ease-swift)] hover:-translate-y-0.5 hover:bg-ink hover:text-white focus-visible:outline-2 focus-visible:outline-ink focus-visible:outline-offset-2" href="/e/workday">Workday</a><a class="inline-block rounded-full bg-panel px-4 py-2 font-mono text-[0.65625rem] font-semibold uppercase tracking-[0.1em] text-ink transition-all duration-[var(--dur-fast)] ease-[var(--ease-swift)] hover:-translate-y-0.5 hover:bg-ink hover:text-white focus-visible:outline-2 focus-visible:outline-ink focus-visible:outline-offset-2" href="/e/yahoo-finance">Yahoo Finance</a></div></section><section class="scroll-rise mt-10 border-t border-ink pt-5"><h2 class="type-kicker text-ink">Provenance</h2><dl class="mt-4 grid grid-cols-1 gap-x-6 gap-y-2.5 sm:grid-cols-2"><div class="border-t border-line pt-2.5"><dt class="type-kicker text-ink-faint">Canonical issue</dt><dd class="mt-0.5 font-mono text-[0.75rem] text-ink"><a class="text-[color:var(--tc-text)] hover:underline" href="/briefings/2026-09-30">Ramsay Research Agent â September 30, 2026</a></dd></div><div class="border-t border-line pt-2.5"><dt class="type-kicker text-ink-faint">AI generated</dt><dd class="mt-0.5 font-mono text-[0.75rem] text-ink">no</dd></div><div class="border-t border-line pt-2.5"><dt class="type-kicker text-ink-faint">Story unit</dt><dd class="mt-0.5 font-mono text-[0.75rem] text-ink">2026-09-30-workday-is-cutting-about-500-jobs-mostly-product-and-technology-its-second-round-this-year</dd></div><div class="border-t border-line pt-2.5"><dt class="type-kicker text-ink-faint">Labels</dt><dd class="mt-0.5 font-mono text-[0.75rem] text-ink">source-backed, canonical briefing excerpt</dd></div></dl></section></div></main></div><!--$--><!--/$--></div>
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