CEO of Workday, Carl Eschenbach, has stepped down from the top job, after just three years in the role.
Co-founder Aneel Bhusri had stepped into the role effective immediately, his second tenure as CEO, having preceded Eschenbach prior to 2024.
Workday, which offers financial software and management, student information services for universities and HR services, announced at the start of last year it would be cutting jobs equal to 8.5% of staff, as part of a restructuring plan pushed forward by AI investment.
Now, this week, it has announced further cuts again, around 2% of staff, with Eschenbach stepping down shortly after, saying it had “been a privilege to serve as CEO".
“I’m deeply grateful to Carl for leading Workday through an important chapter — scaling the company, building on our foundation, and positioning us well for what’s ahead,” said Bhusri.
“We’re now entering one of the most pivotal moments in our history. AI…will define the next generation of market leaders.
