Okta to Cut 300 Jobs Citing Overhiring, ‘Execution Challenges' [BNN Bloomberg (Canada)]
Workday, Inc. - Class A (WDAY)
Last workday, inc. - class a earnings: 2/27 04:01 pm
Check Earnings Report
US:NYSE Investor Relations:
workday.com/en-us/company/investor-relations.html
Company Research
Source: BNN Bloomberg
The shares jumped 6.5% in premarket trading. The cuts — about 5% of the workforce — are due to overhiring and “execution challenges,” wrote Chief Executive Officer Todd McKinnon in a letter to employees Thursday. The company will focus on reducing spending and improving profitability moving forward, McKinnon said. Okta will incur about $15 million in restructuring costs, it said in a filing. San Francisco-based Okta's headcount has roughly tripled since July 2020, to about 6,000 workers. Company shares have dropped 66% since the start of 2022 as investors became increasingly critical of high-growth, low-profit companies. Okta is the latest technology firm to execute a headcount reduction, following firms like Workday Inc., Splunk Inc. and Pinterest Inc. earlier in the week. ©2023 Bloomberg L.P. FAANG stocks
Show less
Read more
Impact Snapshot
Event Time:
WDAY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WDAY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WDAY alerts
High impacting Workday, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
WDAY
News
- Workday (WDAY) Cooled Down in Q1 [Yahoo! Finance]Yahoo! Finance
- Workday (WDAY), Randstad Team Up to Transform HR Operations [Yahoo! Finance]Yahoo! Finance
- EEOC says Workday covered by anti-bias laws in AI discrimination case [Reuters]Reuters
- Randstad Selects Workday for Global Finance, HR, and Talent Solutions [Yahoo! Finance]Yahoo! Finance
- Randstad Selects Workday for Global Finance, HR, and Talent SolutionsPR Newswire
WDAY
Earnings
- 2/26/24 - Beat
WDAY
Sec Filings
- 4/16/24 - Form 4
- 4/12/24 - Form 144
- 4/9/24 - Form 4
- WDAY's page on the SEC website