Workday is eliminating approximately 500 positions, or about 2.5% of its global workforce, in its second round of layoffs this year, with most reductions concentrated in Product and Technology. The enterprise cloud applications provider expects $65 million to $85 million in restructuring charges, including severance, stock-based compensation and office-space impairments. Most costs are expected in fiscal 2027’s third quarter, when the company projects its GAAP operating margin will trail its non-GAAP margin by about 21 percentage points; the full-year gap is expected to be about 19 points. Workday disclosed the cuts in an 8-K filing and said it would continue hiring for selected strategic roles and geographic markets. Shares rose 0.30% Tuesday but are down about 12% this year. The company cut about 400 jobs in February, and then-CEO Carl Eschenbach left roughly a week later. Cofounder Aneel Bhusri became CEO for a fourth stint. Neither round of layoffs was attributed to artificial intelligence, despite the SaaSpocalypse selloff driven by concerns that AI could make software cheaper to build internally. Workday’s Nov. 27 third-quarter results are expected to provide further detail on the restructuring’s financial impact.