{{Short description|American financial and corporate software company}} {{Promotional|date=February 2026}} {{Use mdy dates|date=November 2023}} {{Use American English|date=November 2023}} {{Infobox company | logo = Workday logo.svg | image = Workday Headquarters.jpg | image_caption = Headquarters in Pleasanton, California | type = Public | traded_as = {{ubl| class=nowrap | {{NASDAQ|WDAY}} (Class A) | Nasdaq-100 component | S&P 500 component}} | ISIN = {{ISIN|sl=n|pl=y|US98138H1014}} | founded = {{Start date and age|2005|03}} | founders = {{ubl| class=nowrap | Dave Duffield | Aneel Bhusri }} | hq_location = Pleasanton, California, U.S. | area_served = Worldwide | key_people = {{ubl| | Aneel Bhusri (chairman and CEO)}} | industry = {{ubl|Cloud computing|Enterprise software}} | products = | services = {{ubl|class=nowrap| Software | Cloud }} | revenue = {{up}} {{US$|8.45 billion|link=yes}} (2025) | operating_income = {{up}} {{US$}}415 million (2025) | net_income = {{down}} {{US$}}526 million (2025) | assets = {{up}} {{US$}}18.0 billion (2025) | equity = {{up}} {{US$}}9.03 billion (2025) | num_employees = 20,400 (2025) | website = {{URL|workday.com}} | footnotes = Financials {{as of|2025|01|31|lc=y|df=US}}.<ref name=10KJAN2025>{{cite web | url = https://www.sec.gov/ix?doc=/Archives/edgar/data/0001327811/000132781125000056/wday-20250131.htm | title = US SEC: Form 10-K Workday, Inc. | publisher = U.S. Securities and Exchange Commission | date = March 11, 2025 | access-date = July 29, 2025}}</ref> }}
'''Workday, Inc.''', is an American on‑demand (cloud-based) financial management, human capital management, and student information system software vendor. Workday was founded by David Duffield, founder and former CEO of ERP company PeopleSoft, along with former PeopleSoft chief strategist Aneel Bhusri, following Oracle's acquisition of PeopleSoft in 2005.<ref>{{Cite web|last=Mac|first=Ryan|title=Billionaire David Duffield's Workday Goes Public, Doubling His Fortune|url=https://www.forbes.com/sites/ryanmac/2012/10/12/billionaire-david-duffields-fortune-jumps-overnight-as-workday-readies-for-ipo/|access-date=2022-01-06|website=Forbes|language=en}}</ref>
In October 2012, Workday launched a successful initial public offering (IPO) that valued the company at $9.5 billion.<ref name="wsj">{{cite news | last = Clark | first = Don | title = Cloud-Computing Firm Workday's IPO Soars | url = https://www.wsj.com/articles/SB10000872396390444799904578052411733809482 | newspaper = The Wall Street Journal | date = 12 October 2012 | access-date = 4 November 2014}}</ref> Competitors of Workday include SAP Successfactors, Dayforce, UKG, and Oracle.<ref>{{cite web |url=https://www.gartner.com/reviews/market/cloud-hcm-suites-for-1000-employees/vendor/workday-hcm/product/workday-hcm/alternatives |title=Workday Human Capital Management Alternatives |website=Gartner |access-date=19 May 2022}}</ref>
==History==
=== 2005–2015 === Workday was founded in March 2005 and launched in November 2006.<ref>{{Cite web |title=Our Story {{!}} Workday UK |url=https://www.workday.com/en-gb/company/about-workday/our-story.html |access-date=2024-07-18 |website=www.workday.com}}</ref><ref>{{Cite web |last=Martens |first=China |date=August 20, 2007 |title=Workday fleshes out more of its hosted ERP suites |url=https://www.computerworld.com/article/2816557/workday-fleshes-out-more-of-its-hosted-erp-suites.html |website=Computerworld}}</ref> Initially, it was funded by David Duffield and the venture capital firm Greylock Partners. In December 2008, Workday moved its headquarters from Walnut Creek, California to Pleasanton, California, where PeopleSoft founder Duffield's prior company was located.<ref>{{cite news|last=Bing|first=Jeb|title=Duffield Is Back:PeopleSoft Founder Moves New Company to Pleasanton|url=http://www.pleasantonweekly.com/news/show_story.php?id=1025|newspaper=Pleasanton Weekly|date=5 December 2008|access-date=4 November 2014|archive-date=July 21, 2013|archive-url=https://web.archive.org/web/20130721203142/http://www.pleasantonweekly.com/news/show_story.php?id=1025|url-status=dead}}</ref><ref name=sfgate>{{cite news|last=Temple|first=James|title=Workday Inc. Is Moving to Pleasanton|url=http://www.sfgate.com/business/article/Workday-Inc-is-moving-to-Pleasanton-3182100.php|newspaper=San Francisco Chronicle|date=4 December 2008|access-date=4 November 2014}}</ref>
On February 6, 2008, Workday announced that it had reached a definitive agreement to purchase Cape Clear Software.<ref>{{cite web|url=http://blogs.zdnet.com/SAAS/?p=448|archive-url=https://web.archive.org/web/20080208081915/http://blogs.zdnet.com/SAAS/?p=448|url-status=dead|archive-date=February 8, 2008|title=Another ERP vendor buys into middleware ZDNet February 6, 2008|date=6 February 2008|work=ZDNet|access-date=4 November 2014}}</ref> In May 2008, Workday signed a large contract with Flextronics to provide human capital management software services.<ref>{{cite web|url=http://www.informationweek.com/news/services/saas/showArticle.jhtml?articleID=207603344|title=Workday Lands Software Industry's Biggest SaaS Deal|work=InformationWeek|access-date=4 November 2014}}</ref> Companies that have publicly disclosed contracts or deployments of Workday include Aviva,<ref>{{Cite web|url=http://www.workday.com/resources/customer_case_studies/aviva.php|archiveurl=https://web.archive.org/web/20111105082808/http://www.workday.com/resources/customer_case_studies/aviva.php|url-status=dead|title=Aviva Case Study|archivedate=November 5, 2011|website=www.workday.com}}</ref> Chiquita Brands, and other firms.<ref>{{cite web|url=http://www.informationweek.com/news/services/saas/207603344|title=Workday Lands Software Industry's Biggest SaaS Deal|work=InformationWeek|access-date=4 November 2014}}</ref><ref>{{cite web|url=https://www.zdnet.com/article/case-study-how-fairchild-semiconductor-leverages-the-workday-integration-cloud/|title=Case Study: How Fairchild Semiconductor leverages the Workday Integration Cloud|date=2 May 2011|work=ZDNet|access-date=4 November 2014}}</ref><ref>{{cite web|url=http://www.hrmagazine.co.uk/hro/news/1020454/rentokil-initial-implements-cloud-technology-manage-66|title=HR Magazine – Rentokil Initial implements cloud technology to manage data of 66,000 staff worldwide|publisher=Hrmagazine.co.uk|access-date=4 November 2014|archive-date=November 4, 2014|archive-url=https://web.archive.org/web/20141104121026/http://www.hrmagazine.co.uk/hro/news/1020454/rentokil-initial-implements-cloud-technology-manage-66|url-status=dead}}</ref><ref>{{cite web|url=https://www.zdnet.com/article/workday-launches-workday-14-wins-thomson-reuters-deal/|title=Workday launches Workday 14, wins Thomson Reuters deal|date=15 August 2011|work=ZDNet|access-date=4 November 2014}}</ref>
On April 29, 2009, Workday announced that it had secured $75 million in funding led by New Enterprise Associates. Existing investors Greylock Partners and Workday CEO and co‑founder Dave Duffield also participated in the round.<ref name=barret>{{cite news|last=Barret|first=Victoria|title=Duffield Scores Biggest Round|url=https://www.forbes.com/2009/04/29/david-duffield-workday-technology-enteprise-tech-duffield.html|newspaper=Forbes|date=30 April 2009|access-date=13 April 2016}}</ref> On October 24, 2011, Workday announced $85 million in new funding, bringing the total capital raised to $250 million. Investors in the latest round included T. Rowe Price, Morgan Stanley Investment Management, Janus, and Bezos Expeditions.<ref name=arik>{{cite news|last=Hesseldahl|first=Arik|title=Exclusive: Aneel Bhusri's Workday Raises $85 Million at a Whopping $2 Billion Valuation|url=http://allthingsd.com/20111024/aneel-bhusris-workday-raises-85-million-at-a-whopping-2-billion-valuation/?refcat=enterprise|newspaper=All Things D|date=24 October 2011|access-date=4 November 2014}}</ref> As of spring 2012, Workday had 310 customers, ranging from mid-sized businesses to ''Fortune'' 500 companies.<ref>{{cite web|url=http://blogs.workday.com/Blog/workday_rising_becoming_part_of_a_unique_ecosystem.html|title=Workday Rising: Becoming Part of a Unique Customer Ecosystem|publisher=Blogs.workday.com|access-date=4 November 2014}}</ref>
In October 2012, Workday launched its initial public offering (IPO) on the New York Stock Exchange with ticker symbol WDAY. Its shares were priced at $28 and ended trading Friday, October 12, at $48.69, which "propelled the start-up to a market capitalization of nearly $9.5 billion including unexercised stock options." It sold 22.75 million Class A shares, raising $637 million. The IPO raised more cash than any launch in the U.S. technology sector since Facebook's $16 billion IPO in May 2012. Its shares surged 74% in its IPO, underscoring investor interest in cloud computing.<ref name=wsj />
=== 2015–present === In 2016, Workday launched a cloud-based student information system<ref>{{Cite web |title=Workday's Full Student Information System Launches {{!}} Inside Higher Ed |url=https://www.insidehighered.com/quicktakes/2016/09/28/workdays-full-student-information-system-launches |access-date=2022-04-06 |website=www.insidehighered.com |language=en}}</ref> to augment its portfolio of financial management and human capital management products. In 2018, Workday acquired Filip Doušek's company Stories.bi.
In 2020, ''Fortune'' magazine ranked Workday Inc. at number five on its Fortune List of the Top 100 Companies to Work For in 2020 based on an employee satisfaction survey.<ref>{{cite web|url=https://www.businessinsider.com/best-companies-to-work-for-based-on-employee-satisfaction-fortune-2020-2|title=The 25 best companies to work for, based on employee satisfaction|publisher=Business Insider|author=Jessica Snouwaert|access-date=April 1, 2020}}</ref>
The CEO of Workday was Aneel Bhusri, who is a partner with Greylock Partners and handled senior leadership positions earlier in his career at PeopleSoft. In 2020, Chano Fernandez was promoted to co-CEO along with Bhusri. Dave Duffield served as the chairman of the board until his resignation in April 2022, after which Aneel Bhusri took over as the chairman.<ref>{{cite web |last1= Datta|first1=Tiyashi|url= https://www.nasdaq.com/articles/workday-co-founder-david-duffield-resigns-as-chairman-2021-04-01|title= Workday co-founder David Duffield resigns as chairman |website=nasdaq.com|access-date=2022-05-06}}</ref>
In November 2021, Workday announced its acquisition of VNDLY, a startup that helps companies manage external workforce personnel, for $510 million.<ref>{{cite web|url=https://techcrunch.com/2021/11/18/workday-to-acquire-external-workforce-management-startup-vndly-for-510m//|title=Workday to acquire external workforce management startup VNDLY for $510M|website=Tech Crunch|date=November 18, 2021|author=Ron Miller|access-date=December 19, 2021}}</ref>
Sequoia Capital's Carl Eschenbach replaced Fernandez as co-CEO in December 2022. The company also announced that Eschenbach would become its sole CEO after March 2024, with Bhusri moving to the role of executive chair.<ref>{{cite web |last=Novet |first=Jordan |url=https://www.cnbc.com/2022/12/20/workday-names-sequoias-carl-eschenbach-as-co-ceo-alongside-bhusri.html |title=Workday names Sequoia's Carl Eschenbach as co-CEO, alongside Aneel Bhusri |date=20 December 2022 |website=CNBC}}</ref>
It was announced in February 2025 that Workday would cut 8.5% of its workforce in favor of investing in artificial intelligence to counter a "softer macroeconomic environment".<ref>{{cite web|url=https://www.cnbc.com/2025/02/05/workday-to-cut-1750-jobs-in-ai-push.html|title=Workday to cut 1,750 jobs in AI push|website=CNBC|date=February 5, 2025|access-date=February 15, 2025}}</ref> In the same year, the company acquired Paradox, which enables the implementation of a conversational AI agent.<ref>{{Cite web |date=August 25, 2025 |title=Avec le rachat de Paradox, Workday étoffe sa solution RH |url=https://www.lemondeinformatique.fr/actualites/lire-avec-le-rachat-de-paradox-workday-etoffe-sa-solution-rh-97667.html |access-date=August 29, 2025 |website=Le Monde Informatique}}</ref>
In February 2026, Workday announced layoffs affecting approximately 2% of its workforce, citing plans to realign resources in strategic locations and areas.<ref>{{Cite web |last=Needleman |first=Sarah E. |title=Workday cuts 400 jobs as software stocks tumble |url=https://www.businessinsider.com/workday-layoffs-amid-software-stock-sell-off-2026-2 |access-date=2026-02-09 |website=Business Insider |language=en-US}}</ref> That same week, Eschenbach stepped down as CEO, and was replaced by Bhusri returning to the CEO position.<ref>{{Cite web |last=Capoot |first=Ashley |date=2026-02-09 |title=Workday CEO Carl Eschenbach is stepping down, co-founder Aneel Bhusri to take over |url=https://www.cnbc.com/2026/02/09/workday-stock-carl-eschenbach-aneel-bhusri.html |access-date=2026-02-11 |website=CNBC |language=en}}</ref> In the same month, Workday reported fiscal 2026 Q4 total revenues of $2.53 billion, a 14.5% increase year-over-year, with subscription revenues of $2.36 billion (up 15.7%). For the full fiscal year 2026, total revenue reached approximately $9.5 billion. The company reported that AI adoption had driven over one billion actions on its platform, contributing 1.5 percentage points to annual recurring revenue growth, with 75% of new sales including AI solutions.<ref>{{Cite web |title=Workday Announces Fiscal 2026 Fourth Quarter and Full Year Financial Results |url=https://newsroom.workday.com/2026-02-24-Workday-Announces-Fiscal-2026-Fourth-Quarter-and-Full-Year-Financial-Results |date=February 24, 2026 |website=Workday Newsroom |access-date=2026-03-21}}</ref>
===Adaptive Insights=== '''Adaptive Insights''' was a software as a service company founded in 2003 and headquartered in Palo Alto, California. The company was acquired by Workday in a $1.55 billion deal completed in August 2018,<ref name="TC">{{cite news |last1=Lunden |first1=Ingrid |title=Workday acquires financial modelling startup Adaptive Insights for $1.55B |url=https://techcrunch.com/2018/06/11/workday-acquires-financial-modelling-startup-adaptive-insights-for-1-55b/ |access-date=3 June 2023 |publisher=Tech Cruch |date=11 June 2018}}</ref> renaming the company and its core product to '''Workday Adaptive Planning'''.
In 2003, Robert S. Hull and Richard L. Dellinger co-founded Adaptive Planning to market enterprise budgeting, forecasting, and reporting software as an alternative to spreadsheet-based planning or larger on-premises software. Adaptive Planning was an early user of the software as a service (SaaS) model for business intelligence and corporate performance management. In 2003, it was incorporated in Delaware as Visus Technology, renamed as '''Adaptive Planning'''.<ref>{{Cite web |author=SEC.gov |date=17 May 2018 |title=UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM S-1 REGISTRATION STATEMENT: ADAPTIVE INSIGHTS, INC. |url=https://www.sec.gov/Archives/edgar/data/1278150/000119312518166221/d454129ds1.htm |access-date=3 June 2024 |website=www.sec.gov}}</ref> It was incubated at Onset Ventures in Menlo Park, California.
In 2009, Adaptive Insights partnered with NetSuite, Inc. and is currently a member of the SuiteCloud Developer Network. The company also integrates with other cloud ERP solutions from Sage Intacct, Microsoft, and others.<ref name=":1a">{{Cite news |last=Brooks |first=Steve |date=27 April 2018 |title=Salut Adaptive Insights |url=https://www.enterprisetimes.co.uk/2018/04/27/27781/ |access-date=3 June 2024 |work=Enterprise Times |language=en-GB}}</ref> Adaptive Insights partners with associates in Australia, Canada, Europe, India, Japan, New Zealand, the UK and the United States.<ref name=":1a" />
In September 2012, the company acquired the Louisville, Colorado based company ''{{Proper name|myDIALS}}'' for an undisclosed amount. By October 2013, Adaptive Planning held a fourth round of fundraising, totaling $45 million. The company also added salesforce.com as a backer.<ref>{{cite news |last1=Primack |first1=Dan |title=Venture capital deals |url=https://fortune.com/2013/10/30/venture-capital-deals-435/ |access-date=3 June 2024 |work=Forbes}}</ref>
In February 2014, Adaptive Planning was renamed Adaptive Insights and released a new version of the software with an updated user interface.<ref>{{Cite web |last=Robb |first=Drew |date=5 February 2014 |title=Adaptive Planning Gets New Brand |url=http://www.enterpriseappstoday.com/business-intelligence/adaptive-planning-gets-new-brand.html |access-date=3 June 2024 |website=EnterpriseAppsToday}}</ref>
In January 2015, the company appointed Citrix chairman Tom Bogan as CEO.<ref>{{Cite web |last=Kim |first=Eugene |date=13 Jan 2015 |title=Why The 63-Year-Old Chairman Of A $10 Billion Company Is Joining A Startup |url=https://www.businessinsider.com/tom-bogan-citrix-chairman-to-adaptive-insights-2015-1 |access-date=3 June 2024 |website=Business Insider |language=en-US}}</ref><ref>{{Cite news |last=Clancy |first=Heather |date=13 January 2015 |title=Citrix chairman joins cloud financials pioneer as CEO |url=http://fortune.com/2015/01/13/citrix-adaptive-insights-ceo/ |access-date=3 June 2024 |work=Fortune |language=en}}</ref> In June, the company reported another investment round of $75 million with several investors, including Norwest Venture Partners, ONSET Ventures, Bessemer Venture Partners, Cardinal Venture Capital, Information Venture Partners, and others.<ref>{{Cite web |last=Lunden |first=Ingrid |date=30 June 2015 |title=Cloud Finance Intelligence Startup Adaptive Insights Gets $75M, Reportedly At A Unicorn Valuation |url=https://techcrunch.com/2015/06/30/finance-business-intelligence-startup-adaptive-insights-gets-75m-reportedly-at-a-unicorn-valuation/ |access-date=3 June 2024 |website=techcrunch.com |publisher=TechCrunch}}</ref>
In April 2018, the company announced it added 500 net new customers in 2018, bringing Adaptive Insights' total customer base to more than 3,700 customers worldwide in FY2018.<ref>{{Cite news |last=Moore |first=Ben |date=19 April 2018 |title=Adaptive Insights announces a stellar year for FY18 |url=https://channellife.com.au/story/adaptive-insights-announces-stellar-year-fy18/ |access-date=3 June 2024 |work=ChannelLife |language=en}}</ref> In August, Workday completed the acquisition of Adaptive Insights, announcing that the company would operate as Adaptive Insights, a Workday company.<ref name="TC" /> In May 2020, Adaptive Insights rebranded once again and was renamed Workday Adaptive Planning.
==Business model== Workday sells subscriptions to its services. Expenses are booked up front when it signs on a new customer, but the associated revenue is recognized over the life of multiyear agreements. In the first quarter of 2016, Workday announced annual revenue in excess of $1 billion for the first time in fiscal year 2016.<ref>Eugene Kim, Business Insider. "[http://www.businessinsider.com/workday-hits-first-ever-1-billion-in-annual-sales-2016-2 Workday says it's displacing Oracle software, as it hits first-ever $1 billion annual sales]." Feb 29, 2016. Retrieved Jan 20, 2017.</ref>
===Corporate governance=== Duffield holds voting rights to Workday shares that are worth $3.4 billion and Bhusri holds voting rights to shares valued at $1.3 billion. Collectively, they hold 67% of the company's voting shares. This voting structure makes the event of a hostile takeover much less likely.<ref name="wsj" />
==Product== Workday provides software to help businesses manage finances and human resources.<ref name=":1">{{Cite web |title=What Is Workday Software & What Is It Used For? – Forbes Advisor |url=https://www.forbes.com/advisor/business/software/what-is-workday/ |access-date=2024-10-16 |website=www.forbes.com|date=October 3, 2022 }}</ref><ref>{{Cite web |title=Workday Enterprise Management Cloud {{!}} Finance, HR, Planning, Spend |url=https://www.workday.com/ |access-date=2024-10-16 |website=www.workday.com |language=en-US}}</ref> Key features include:
* Global workforce and recruitment management with real-time reporting and analytics.<ref>{{Cite web |title=Global HR Management System {{!}} Workday |url=https://www.workday.com/en-us/products/human-capital-management/human-resource-management.html |access-date=2024-10-16 |website=www.workday.com |language=en-US}}</ref> * Financial management capabilities, including accounting tools, expense tracking, and financial planning insights.<ref>{{Cite web |title=Financial Management Resources & Process Automation {{!}} Workday |url=https://www.workday.com/en-us/products/financial-management/overview.html |access-date=2024-10-16 |website=www.workday.com |language=en-US}}</ref> * Employee self-service, such as with onboarding and time-tracking tasks.<ref name=":1" />
In February 2014, Workday acquired the startup Identified and its artificial intelligence Syman to create its Insight Apps line of products. The first products running SYMAN were announced at Workday Rising 2014.
In July 2017, Workday CEO Aneel Bhusri announced that the company had decided to open up its platform to developers, partners, and third-party software. As a result, Workday will enter the Platform as a Service (PaaS) market.<ref>{{cite news|url=https://www.zdnet.com/article/workday-to-open-up-cloud-platform-enters-paas-fray/|title=Workday to open up cloud platform, enters PaaS fray|last=Dignan|first=Larry|work=ZDNet|access-date=2017-09-01|language=en}}</ref> Bhusri said the move will allow customers to build custom extensions and applications to work with Workday.<ref>{{cite news|url=http://blogs.workday.com/open-up-workday-cloud-platform/|title=Why It's Time to Open Up the Workday Cloud Platform – Workday Blog|date=2017-07-11|work=Workday Blog|access-date=2017-09-01|language=en-US}}</ref>
In January 2018, Workday announced that it acquired SkipFlag,<ref>{{cite web|url=https://medium.com/workday-engineering/workday-acquires-skipflag-286dc8d3bfe7|title=Workday Acquires SkipFlag|last=Engineering|first=Workday|date=2018-01-16|website=Workday Engineering|access-date=2018-01-23}}</ref> makers of an AI knowledge base that builds itself from a company's internal communications.<ref name=":0">{{cite news|url=https://www.zdnet.com/article/workday-buys-skipflag-to-bolster-machine-learning-capabilities/|title=Workday buys SkipFlag to bolster machine learning capabilities|last=Gagliordi|first=Natalie|work=ZDNet|access-date=2018-01-21|language=en}}</ref>
Workday has released 39 updates to its product line as of September 2022, the most recent being "2022 R2". It releases a major update every 6 months, in September and March.<ref>{{cite web |title=Workday Changes Product Release Naming Convention and Schedule |url=https://blog.workday.com/en-us/workday-changes-product-release-naming-convention-and-schedule.html |publisher=Workday |access-date=April 14, 2026}}</ref>
Workday operates data centers located in Ashburn, Virginia; Lithia Springs, Georgia; Portland, Oregon; Dublin, Ireland; Amsterdam, Netherlands; and also uses Amazon Web Services for its primary computing infrastructure platforms to accelerate its worldwide expansion.<ref>"[https://www.workday.com/content/dam/web/en-us/documents/investor/workday-10-k-2014.pdf]"</ref>
===Workday Adaptive Planning=== thumb|200px|alt=Screenshots of Adaptive Insights for Finance|Screenshots of Adaptive Insights for Finance The Workday Adaptive Planning application is a cloud-based software app designed to help organizations with financial planning, budgeting, forecasting, and reporting. It is a part of the broader Workday suite of enterprise applications, which includes solutions for human resources, finance, sales, operations, and HR in their planning processes. The app covers the planning, consolidation, analytics, and reporting functions with its Business Planning Cloud.<ref>{{Cite web |date=2018-02-14 |title=Adaptive Insights introduces Business Planning Cloud |url=https://www.accountingtoday.com/news/adaptive-insights-introduces-business-planning-cloud |access-date=2025-02-27 |website=Accounting Today |language=en}}</ref> It automates consolidations and integration of data from other systems and enables collaboration and real-time updates via its on-demand SaaS-based model.
==Acquisitions== {| class="wikitable sortable" |- ! Acquired company !! Acquisition date !! Location !! Specialty |- | Sana<ref>{{cite press release |title=Workday Signs Definitive Agreement to Acquire Sana |url=https://newsroom.workday.com/2025-09-16-Workday-Signs-Definitive-Agreement-to-Acquire-Sana |publisher=Workday |date=September 16, 2025 |access-date=April 14, 2026}}</ref>|| September 2025 || Stockholm, Sweden || Enterprise knowledge tools |- | Paradox<ref>{{Cite web |last= |first= |date=2025-10-01 |title=Workday, Inc. completed the acquisition of Paradox, Inc. {{!}} MarketScreener |url=https://www.marketscreener.com/news/workday-inc-completed-the-acquisition-of-an-unknown-majority-stake-in-paradox-inc-ce7d5bd9de88f321 |access-date=2026-05-25 |website=MarketScreener |language=en-US}}</ref>|| August 2025 || USA || Conversational AI for frontline candidate experience |- | Flowise<ref>{{Cite web |title=Workday acquires Flowise to speed up building AI agents, automated workflows {{!}} Constellation Research |url=https://www.constellationr.com/insights/news/workday-acquires-flowise-speed-building-ai-agents-automated-workflows |access-date=2026-05-25 |website=Constellation Research |language=en}}</ref>|| August 2025 || USA || Low-code AI agent builder platform |- | Evisort<ref>{{Cite web |last=Wiggers |first=Kyle |date=2024-09-17 |title=Workday acquires AI-powered document platform Evisort |url=https://techcrunch.com/2024/09/17/workday-acquires-ai-powered-document-platform-evisort/ |access-date=2026-05-25 |website=TechCrunch |language=en-US}}</ref>|| September 2024 || USA || Document intelligence for contract management |- | HiredScore<ref>{{Cite web |last=Orbach |first=Meir |date=2024-02-27 |title=U.S. giant Workday acquiring HiredScore for hundreds of millions of dollars |url=https://www.calcalistech.com/ctechnews/article/hjtsokjnt |access-date=2026-05-25 |website=ctech |language=en}}</ref>|| February 2024 || USA || AI for recruiting |- | VNDLY<ref>{{Cite web |last=Miller |first=Ron |date=2021-11-18 |title=Workday to acquire external workforce management startup VNDLY for $510M |url=https://techcrunch.com/2021/11/18/workday-to-acquire-external-workforce-management-startup-vndly-for-510m/ |access-date=2023-08-10 |website=TechCrunch |language=en-US}}</ref>|| November 2021 || Ohio, USA || Contractor and external staffing vendor management |- | Zimit<ref>{{Cite web |last=Dignan |first=Larry |title=Workday acquires Zimit for quote-to-cash process automation |url=https://www.zdnet.com/article/workday-acquires-zimit-for-quote-to-cash-process-automation/ |access-date=2026-05-25 |website=ZDNET |language=en}}</ref>|| September 2021 || Florida, USA || Quotation management |- | Peakon<ref>{{Cite news |last=Sawers |first=Paul |date=2021-01-28 |title=Workday acquires Peakon for $700 million to capture real-time employee sentiment data |url=https://venturebeat.com/business/workday-acquires-peakon-for-700-million-to-capture-real-time-employee-sentiment-data/ |archive-url=http://web.archive.org/web/20241007155210/https://venturebeat.com/business/workday-acquires-peakon-for-700-million-to-capture-real-time-employee-sentiment-data/ |archive-date=2024-10-07 |access-date=2026-05-25 |work=VentureBeat |language=en-US}}</ref>|| March 2021 || Copenhagen, Denmark || Employee engagement |- | Scout RFP<ref>{{Cite web |last=Miller |first=Ron |date=2019-11-04 |title=Workday to acquire online procurement platform Scout RFP for $540M |url=https://techcrunch.com/2019/11/04/workday-to-acquire-online-procurement-platform-scout-rfp-for-540m/ |access-date=2026-05-25 |website=TechCrunch |language=en-US}}</ref>|| December 2019 || California, USA & Riga, Latvia || Sourcing software |- | Trusted Key<ref>{{Cite web |last=Thorne |first=James |date=2019-07-18 |title=Workday buys Trusted Key in first exit for Seattle’s Kernel Labs, and a proof point for startup studios |url=https://www.geekwire.com/2019/workday-buys-trusted-key-first-exit-seattles-kernel-labs-proof-point-startup-studios/ |access-date=2026-05-25 |website=GeekWire |language=en-US}}</ref>|| July 2019 || Washington, USA || Identity management |- |Stories.bi<ref>{{Cite web |date=2018-08-02 |title=Workday Acquires Stories.bi, a Czech Start-Up Specializing in Augmented Analytics |url=https://www.novalia.cz/blogpost/workday-acquires-stories-bi-a-czech-start-up-specializing-in-augmented-analytics |access-date=2026-05-25 |website=Novalia |language=}}</ref>|| July 2018 || Prague, Czech Republic || Augmented analytics |- | Adaptive Insights <ref>{{Cite news |last=Lunden |first=Ingrid |date=2018-06-11 |title=Workday acquires financial modelling startup Adaptive Insights for $1.55B {{!}} TechCrunch |url=https://techcrunch.com/2018/06/11/workday-acquires-financial-modelling-startup-adaptive-insights-for-1-55b/ |archive-url=http://web.archive.org/web/20260225092559/https://techcrunch.com/2018/06/11/workday-acquires-financial-modelling-startup-adaptive-insights-for-1-55b/ |archive-date=2026-02-25 |access-date=2026-05-25 |work=TechCrunch |language=en-US}}</ref>|| June 2018 || California, USA || Business planning |- | Rallyteam<ref>{{Cite web |last=Gagliordi |first=Natalie |date=2018-06-08 |title=Workday buys talent management software startup Rallyteam |url=https://www.zdnet.com/article/workday-buys-talent-management-software-startup-rallyteam/ |access-date=2026-05-25 |website=ZDNET |language=en}}</ref>|| June 2018 || California, USA || Talent agility platform |- | SkipFlag<ref name=":0" />|| January 2018 || California, USA || Machine learning (AI) |- | Pattern<ref>{{Cite web |last=Loizos |first=Connie |date=2017-08-16 |title=Workday acquires the team behind Pattern, a young startup founded by ex-Googlers |url=https://techcrunch.com/2017/08/16/workday-acquires-the-team-behind-pattern-a-young-startup-founded-by-ex-googlers/ |access-date=2026-05-25 |website=TechCrunch |language=en-US}}</ref>|| August 2017 || California, USA || Team collaboration |- | Platfora<ref>{{Cite web |last=Bersin |first=Josh |title=Workday Acquires Platfora: Analytics Race Accelerates |url=https://www.forbes.com/sites/joshbersin/2016/07/25/workday-acquires-platfora-analytics-race-accelerates/ |access-date=2026-05-25 |website=Forbes |language=en}}</ref>|| July 2016 || California, USA || Analytics |- | Zaption<ref>{{Cite web |date=2016-06-30 |title=Zap! Zaption Sold to Workday - EdSurge News |url=https://www.edsurge.com/news/2016-06-30-zap-zaption-sold-to-workday |access-date=2026-05-25 |website=EdSurge |language=en}}</ref>|| June 2016 || California, USA || Content management |- | Mediacore<ref>{{Cite web |date=2015-10-08 |title=MediaCore Acquired by Workday, Will Remain in Canada |url=https://brainstation.io/magazine/mediacore-acquired-by-work |access-date=2026-05-25 |website=BrainStation® |language=en-US}}</ref>|| October 2015|| British Columbia, Canada || Learning |- | Upshot<ref>{{Cite news |last=Novet |first=Jordan |date=2015-07-14 |title=Workday acqu-hires Upshot, the startup that won controversial $1M Salesforce hackathon prize |url=https://venturebeat.com/business/workday-acqu-hires-upshot-the-startup-that-won-controversial-1m-salesforce-hackathon-prize/ |archive-url=http://web.archive.org/web/20231002120930/https://venturebeat.com/business/workday-acqu-hires-upshot-the-startup-that-won-controversial-1m-salesforce-hackathon-prize/ |archive-date=2023-10-02 |access-date=2026-05-25 |work=VentureBeat |language=en-US}}</ref>|| July 2015 || California, USA || Talent management |- | Gridcraft<ref>{{Cite web |title=Lisa Reeves {{!}} Colorado Office of Economic Development and International Trade |url=https://oedit.colorado.gov/lisa-reeves |access-date=2026-05-25 |website=Colorado Office of Economic Development and International Trade (OEDIT)}}</ref>|| April 2015 || Colorado, USA|| Planning |- | Identified<ref>{{Cite web |last=Rao |first=Leena |date=2014-02-26 |title=Workday Acquires HR Predictive Analytics Company Identified |url=https://techcrunch.com/2014/02/26/workday-acquires-hr-predicitive-analytics-company-identified/ |access-date=2026-05-25 |website=TechCrunch |language=en-US}}</ref>|| February 2014 || California, USA || Recruiting |- | CapeClear<ref>{{Cite web |date=2008-02-06 |title=Cape Clear bought by US-based Workday |url=https://www.rte.ie/news/business/2008/0206/99253-capeclear-business/ |access-date=2026-05-25 |website=RTÉ.ie}}</ref>|| February 2008 || Dublin, Ireland || Web services integration |}
== Sponsorship == In May 2021, Workday signed a sponsorship deal with Formula One as the regional finance & human resource enterprise partner across the UK and Germany.<ref>{{Cite web |last=Yeomans |first=Georgina |date=2021-05-06 |title=F1 inks regional partnership with Workday |url=https://www.blackbookmotorsport.com/news/f1-formula-one-regional-partnership-workday-2021 |access-date= |website=www.blackbookmotorsport.com |language=en |archive-date=December 3, 2023 |archive-url=https://web.archive.org/web/20231203180821/https://www.blackbookmotorsport.com/news/f1-formula-one-regional-partnership-workday-2021 |url-status=dead }}</ref> The deal was renewed and expanded in 2022, where Workday will be a regional partner of Formula One in a multiyear deal.<ref>{{Cite web |last=Mahadik |first=Gauresh |date=2022-05-05 |title=Formula 1 renews and expands partnership with Workday |url=https://sportsmintmedia.com/formula-1-renews-and-expands-partnership-with-workday/ |access-date= |website=SportsMint Media |language=en-US}}</ref>
In March 2023, Workday signed a multiyear sponsorship deal with McLaren as an official partner.<ref>{{Cite web |title=Workday become an Official Partner of McLaren Formula 1 Team |url=https://www.mclaren.com/racing/partners/workday/mclaren-racing-announces-multi-year-partnership-with-workday/ |access-date=2023-03-28 |website=www.mclaren.com |language=en-GB}}</ref>
== Controversies ==
=== Lawsuit over hiring algorithm bias === In 2023, Workday was named in a federal class-action lawsuit alleging that its artificial intelligence (AI)-driven hiring tools discriminated against applicants based on age, race, and disability.<ref>{{cite web |title=Millions of Résumés Never Make It Past the Bots. One Man Is Trying to Find Out Why. |url=https://www.wsj.com/lifestyle/careers/ai-resume-screening-hiring-676a4701|last=Weber|first=L. |website=Wall Street Journal |date=22 June 2025}}</ref><ref>{{cite news |title=Hiring software Workday's AI may have an 'ageist' problem, company claims, 'they are not trained to...' |url=https://timesofindia.indiatimes.com/technology/tech-news/hiring-software-workdays-ai-may-have-an-ageist-problem-company-claims-they-are-not-trained-to/articleshow/122074488.cms|last=ToI Tech desk|work=The Times of India |date=25 June 2025}}</ref> The lead plaintiff, Derek Mobley, claimed that Workday's résumé screening algorithms systematically excluded older candidates and individuals with disabilities from consideration. Workday denied the allegations, stating that its systems were not designed to consider protected characteristics directly, but critics argued that bias emerged through proxy variables in the data.<ref>{{cite web |title=Workday AI Bias Suit to Go Forward as Age-Claim Class Action |url=https://news.bloomberglaw.com/litigation/workday-ai-bias-suit-to-go-forward-as-age-claim-class-action|last=Dorrian|first=P. |website=Bloomberg Law |date=16 May 2025}}</ref>
In May 2025, a U.S. District Court judge allowed the age discrimination claims under the Age Discrimination in Employment Act (ADEA) to proceed as a collective action.<ref>{{cite web |title=Discrimination Lawsuit Over Workday's AI Hiring Tools Can Proceed as Class Action—6 Things Employers Should Know |url=https://www.fisherphillips.com/en/news-insights/discrimination-lawsuit-over-workdays-ai-hiring-tools-can-proceed-as-class-action-6-things.html|website=Fisher Phillips |date=20 May 2025}}</ref> Subsequent rulings required Workday to disclose the list of clients that used its AI hiring features.<ref>{{cite web |title=Judge orders Workday to provide list of clients using AI features in hiring processes |url=https://www.pleasantonweekly.com/courts/2025/08/21/judge-orders-workday-to-provide-list-of-clients-using-ai-features-in-hiring-processes/|last=Lyman|first=J. |website=Pleasanton Weekly |date=21 August 2025}}</ref> Legal analysts noted that the case could set a significant precedent for whether software vendors can be held liable under U.S. employment discrimination law when their algorithms are used in hiring at scale.<ref>{{cite web |title=What the Workday Lawsuit Reveals About AI Bias and How to Prevent It |url=https://www.forbes.com/sites/janicegassam/2025/06/23/what-the-workday-lawsuit-reveals-about-ai-bias-and-how-to-prevent-it/|last=Asare|first=J. G. |website=Forbes |date=23 June 2025}}</ref>
=== 2025 data breaches === In 2025, Workday was caught up in two related security incidents tied to its use of Salesforce's CRM platform.<ref name=":2">{{Cite web |last=Petrino |first=Gene |date=2026-03-31 |title=Workday Data Breach 2025: What Was Exposed, How It Happened, and What to Do |url=https://www.security.org/identity-theft/breach/workday/ |access-date=2026-05-25 |website=Security.org |language=en-US}}</ref> One was a social engineering attack in which employees were targeted with voice phishing calls to obtain Salesforce access.<ref name=":2" /><ref>{{Cite web |last=Whittaker |first=Zack |date=2025-08-18 |title=HR giant Workday says hackers stole personal data in recent breach |url=https://techcrunch.com/2025/08/18/hr-giant-workday-says-hackers-stole-personal-data-in-recent-breach/ |access-date=2026-05-25 |website=TechCrunch |language=en-US}}</ref> Another was a supply chain attack through Salesloft's Drift platform, which affected hundreds of organizations, including Workday.<ref name=":2" /><ref>{{Cite web |last=Baran |first=Guru |date=2025-09-10 |title=Workday Confirms Data Breach - Hackers Accessed Customers Data and Case Information |url=https://cybersecuritynews.com/workday-confirms-data-breach/ |access-date=2026-05-25 |website=Cyber Security News |language=en-US}}</ref>
Workday claimed that core customer data remained secure in these attacks, and that the threat actors were only able to obtain "commonly available" data such as business contact information on their clients.<ref>{{Cite web |last=Montalbano |first=Elizabeth |date=2025-08-18 |title=Workday Breach Linked to ShinyHunters Salesforce Attacks |url=https://www.darkreading.com/application-security/workday-breach-shinyhunters-salesforce-attacks |access-date=2026-05-25 |website=Dark Reading |language=en}}</ref>
Several lawsuits were filed against Workday, in addition to Salesforce and other defendants, alleging that the data breach was highly preventable by the defendants.<ref>{{Cite web |last=Sutton |first=Joe |date=2026-02-10 |title=Workday, Salesforce class action claims companies failed to protect consumer data |url=https://topclassactions.com/lawsuit-settlements/lawsuit-news/workday-salesforce-class-action-claims-companies-failed-to-protect-consumer-data/ |access-date=2026-05-25 |website=Top Class Actions |language=en}}</ref><ref>{{Cite web |last=Clark |first=Lindsay |date=2025-09-26 |title=Salesforce faces class action after Salesloft breach |url=https://www.theregister.com/security/2025/09/26/salesforce-faces-class-action-after-salesloft-breach/402194 |access-date=2026-05-25 |website=theregister |language=en-US}}</ref>
==See also== * Cloud computing * Corporate performance management
==References== {{Reflist|colwidth=30em}}
==External links== * {{Official website|https://www.workday.com}} {{Finance links | name = Workday, Inc. | symbol = WDAY | sec_cik = 1327811 | yahoo = WDAY | google = WDAY:NASDAQ | bloomberg = WDAY:US }}
{{Cloud computing}} {{NASDAQ-100}} {{S&P 500 companies}} {{Authority control}}
Category:Software companies established in 2005 Category:American companies established in 2005 Category:2012 initial public offerings Category:Software companies based in the San Francisco Bay Area Category:Companies based in Pleasanton, California Category:Cloud computing providers Category:Companies listed on the Nasdaq Category:Human resource management software Category:ERP software companies Category:2005 establishments in California Category:Software companies of the United States Category:Software as a Service (SaaS) companies