Workday shares jump on layoff announcement and AI investment plans

Workday shares rose nearly 3% after the company announced plans to cut 1,750 jobs, or 8.5% of its current workforce, in an 8-K filing on Wednesday. The layoffs are part of a broader company strategy to expand its global footprint and invest more in artificial intelligence to help “drive a new era of growth.”

Workday expects to take on between $230 million to $270 million in restructuring costs, with around $60 million to $70 million of that expected to be recognized in the fourth quarter of fiscal 2026.

Workday reports Q4 earnings results on February 15. Shares are down around 9% over the past year.

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The slop bowl recession just sent Chipotle’s stock cratering

Chipotle dropped 18% yesterday, and its woes weighed on the wider slop bowl complex, dragging Cava and Sweetgreen down, too.

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eBay stock slumps on gloomy Q4 outlook despite solid Q3 earnings

Shares of eBay fell as much as 10.5% in premarket trading on Thursday morning after the company gave a lower-than-expected profit forecast for the important holiday shopping season.

The e-commerce giant reported solid numbers for the third quarter on Wednesday, with revenue up 9% as reported to $2.8 billion and gross merchandise volume rising 10% to $20.1 billion, topping the average analyst forecast of $19.4 billion, per Bloomberg.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

EBay Falls After Giving Weak Profit Outlook for Holiday Period

However, concerns about the future somewhat overshadowed these results.

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Hims to begin selling GLP-1 microdosing treatments

The company reports earnings results next Monday.

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Eli Lilly strikes deal with Walmart to distribute cash-pay Zepbound vials

Going more directly to consumers — bypassing wholesalers and insurers — allows Lilly and Novo to sell the drugs for roughly half the list price.

Walmart Retail Location. Walmart introduced its Veterans Welcome Home Commitment and plans on hiring 265,000 veterans.

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