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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Millie Giles

WHO’S FLYING THE PLANE?

Pilot shortages might only get worse for airlines in years to come

Even with the IATA projecting record sector profits, more pilots reaching retirement age could cause turbulence.

537✈️657

Max Knoblauch12/9/25

US plane maker Boeing delivered 44 jets in November, marking a 17% dip from October but a drastic recovery from its 13 deliveries in the same month last year amid its machinists’ strike.

Boeing, which closed its $4.7 billion acquisition of key supplier Spirit AeroSystems on Monday, has delivered 537 jets year to date in 2025, significantly ahead of the 348 it delivered last year. Earlier this month, the company said its recovery was “in full force” and it expects positive free cash flow in 2026.

European rival Airbus expanded its annual delivery lead in the month, handing 72 jets over to customers. The manufacturer has made 657 deliveries on the year so far, but recently cut its annual delivery target to 790 from 820 due to quality issues.

Hyunsoo Rim

in this econemy

12/8/25

Magnum, the world’s largest ice cream maker, just went public at a ~$9.2 billion valuation

Unilever’s newly spun-off ice cream arm says its business is far from “volatile” and that GLP-1s may dent demand less than feared.

Claire Yubin Oh

Scentsible

12/5/25

Estée Lauder’s Jo Malone is launching an “AI Scent Advisor” to convince people to buy perfumes without smelling them

Gen Z is driving a perfume and fragrance boom.

Max Knoblauch12/4/25

Netflix is down amid reports it’s leading the Warner Bros. bidding war as Paramount cries foul

Netflix’s charm offensive appears to be working.

Netflix is reportedly emerging as the leader in the bidding war for Warner Bros. Discovery after second-round bids this week, edging out entertainment juggernaut rivals Comcast and Paramount Skydance.

Investors don’t appear psyched by the streaming leader’s turn of fortune: the stock is down on Thursday morning, a day after closing down nearly 5% following reports that scooping up HBO Max wouldn’t necessarily result in a big market share boost.

Paramount, which has reportedly made five bids for Warner Bros. Discovery, doesn’t love the current state of play, either. The company sent WBD a letter questioning the “fairness and adequacy” of the process, highlighting reports that WBD’s board favors Netflix and is resisting Paramount.

Any offer would be subject to regulatory approval — a fact that may have weighed against Netflix’s offer given that cofounder Reed Hastings’ politics are vocally to the left, very much at odds with the current regulatory regime. Paramount seems confident in its ability to get approval, reportedly boosting its breakup fee to $5 billion should its potential acquisition fall apart in the regulatory process.

Paramount questions Warner Bros. Discovery on 'fairness and adequacy' of sale process: Read the full letter

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