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Workday

Cloud-based HCM and ERP software

Overview

Company Historically Provides H1B Sponsorship

Workday provides enterprise cloud software for finance and human resources used by medium to large organizations. Its suite includes Workday HCM, Financial Management, Adaptive Planning, and Workday Student, all delivered on a subscription basis. The platform combines HR and financial processes with analytics and planning, and receives regular cloud updates; consulting and training services help with implementation. Workday differentiates itself with a unified cloud-based suite for HR and finance and tools like Workday Peakon Employee Voice to support employee engagement, aiming to help organizations run their workforce and finances more efficiently.

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About Workday

Simplify's Rating
Why Workday is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsConsultingEnterprise Software

Company Size

10,001+

Company Stage

IPO

Headquarters

Pleasanton, California

Founded

2005

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Simplify's Take

What believers are saying

  • Q2 fiscal 2027 revenue reached $2.649 billion on August 27, 2026, up 12.8%.
  • AI generated over 25% of new ACV and nearly $600 million ARR.
  • Total Benefits launched September 24, 2026, cutting provider onboarding time 75%.

What critics are saying

  • Workday cut 500 jobs on September 29, 2026, after 400 February layoffs.
  • Management trimmed Q3 guidance September 29, 2026, signaling margin pressure from restructuring.
  • If AI agents commoditize HR software, Workday’s premium pricing erodes by 2027.

What makes Workday unique

  • Workday’s HCM-ERP suite unifies people, money, and agents across one subscription platform.
  • Sana and Self-Service Agent shipped worldwide on March 17, 2026 through Flex Credits.
  • Workday’s UAE launch on October 1, 2026 deepens global enterprise and public-sector reach.

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Funding

Total Funding

$2.9B

Above

Industry Average

Funded Over

7 Rounds

Notable Investors:
Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison Coming Soon

Benefits

Flexible Work Hours

Hybrid Work Options

Performance Bonus

Stock Options

Professional Development Budget

Conference Attendance Budget

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 0%
PR Newswire
Oct 8th, 2026
Trintech showcases governed AI for finance at Workday Rising 2026

Trintech will showcase its AI-powered finance platform at Workday Rising 2026 in Las Vegas from 12–15 October. The company will present customer sessions featuring JD Finish Line and RaceTrac, demonstrating how organisations use Trintech and Workday to automate financial processes. Trintech's platform integrates AI agents for tasks including variance analysis, account fluctuation investigation, and exception management. A regional health insurance provider replaced monthly ledger exports with automated daily synchronisation using Trintech's Workday Connector, whilst Hungry Jack's processes approximately 300 million transactions annually through the combined platform. The company's AI agents handle complex analysis whilst maintaining traceability and control. Trintech serves thousands of organisations globally, offering automation for reconciliation, transaction matching, and financial close management.

TipRanks
Oct 1st, 2026
Workday expands revolving credit facility from $1B to $1.5B

Workday has expanded its revolving credit facility from $1.0 billion to $1.5 billion under a new multi-bank agreement led by Wells Fargo. The facility, which entered into effect on 1 October 2026, replaces the company's previous credit agreement from April 2022. The new credit agreement runs until October 2031, with options for limited one-year extensions. It supports multi-currency borrowing in US dollars and approved foreign currencies, with no revolving loans outstanding as of the closing date. The facility features a maximum leverage ratio of 3.50 to 1.00, with flexibility up to 4.50 to 1.00 following certain qualified acquisitions. Interest and fee structures are tied to either Workday's consolidated leverage ratio or its senior unsecured debt ratings.

PR Newswire
Oct 1st, 2026
Workday opens Dubai office as AI adoption hits 90% among UAE employees

Workday has launched operations in the United Arab Emirates with a new Dubai office and expanded local leadership. The enterprise AI platform for HR, finance, and IT aims to support organisations as they modernise operations in line with national transformation goals. The company released research showing 90% of UAE employees now use AI at least weekly, saving an average of 3.6 hours per week. However, employees also spend 3.4 hours weekly correcting low-quality AI outputs, highlighting the need for human oversight. UAE organisations are reinvesting AI-driven efficiencies in their workforce rather than pursuing cost reduction. A third are using savings to handle greater workloads, whilst 32% are directing resources toward training and upskilling. Only 24% are primarily using AI savings for cost reduction. The UAE launch reflects Workday's Middle East growth strategy as cloud adoption accelerates across public and private sectors.

Business Insider
Sep 29th, 2026
Workday cuts 500 jobs, trims earnings forecast amid 12% stock decline

Workday is conducting its second round of layoffs this year, cutting approximately 500 workers, or 2.5% of its workforce. The cuts primarily affect the product and technology team, aimed at aligning structures with strategic growth priorities. The company, which employed over 21,000 people at end-January, also trimmed its fiscal third-quarter earnings forecast. Restructuring charges will reduce operating margins for the third quarter and full year. Workday previously laid off about 400 employees in February. Shortly after, then-CEO Carl Eschenbach departed and was succeeded by co-founder Aneel Bhusri. The company plans to continue hiring in strategic areas and locations throughout fiscal 2027. Workday shares are down approximately 12% year to date.

Yahoo Finance
Sep 28th, 2026
Teem partners with Workday to cut redundant supplier spend by up to 35% using AI

Teem Finance has partnered with Workday to integrate its AI-powered supplier intelligence platform with Workday Strategic Sourcing and Contract Lifecycle Management. The partnership enables Workday customers to automate supplier research and identify redundant purchases before they occur. Teem's platform consolidates contracts and market research to provide procurement teams with actionable recommendations. It also converts plain-language requests into structured supplier recommendations by analysing existing contracts and comparing market alternatives. According to the company, customers have reduced redundant software spend by 20% to 35% and halved sourcing cycle times. The integration allows supplier and contract data to flow directly from Workday into Teem without manual data entry. Teem will present at Workday Rising in Las Vegas from 12-15 October.

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