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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Nathan's Famous restaurant on Coney Island

Iconic hot dog brand Nathan’s Famous just sold for $450 million

Packaged meat company Smithfield Foods has agreed to acquire the historic Coney Island staple — best known for its annual hot dog eating contest — in an all-cash deal.

Millie Giles7h

Tom Jones

so fried

KFC ranked worst out of 76 restaurant chains per new market share analysis

The chicken wars are taking their toll, new Barclays analysis suggests, as competitors close in on the chain that once ruled the roost.

Nate Becker

1/22/26

Paramount is doing everything except the one thing that could give its Warner Bros. bid a chance of success

Warner Bros. says “more than 93%” of its shareholders have rejected Paramount. That’s probably not going to change substantially unless Paramount boosts its offer.

Streamers continued retreating from original shows in 2025

The death of “peak TV” has not been exaggerated, per a new report from Luminate.

Max Knoblauch1/21/26

Retail display of Takis snack food in various spicy flavors in Target store, Queens, New York

America’s love for spicy food and mouth-tingling sauces has surged, but are we approaching “peak heat”?

Takis doesn’t think so, as it searches for a “Chief Intensity Officer.”

Claire Yubin Oh1/21/26

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