Workday forecasts $9.93B–$9.95B subscription revenue for 2027 (below $10B estimates) as companies slow tech buys. Shares fall 9% despite solid Q4 beat; Anthropic AI news sparks $830B sector selloff.
A viral research report paints a scary AI future with high unemployment and crashing markets despite productivity gains. Software and payments stocks tank as investors react to the "what if AI success is bad?" scenario.
Jefferies downgraded Workday, DocuSign, Monday.com, and Freshworks to Hold due to AI risks hitting app software hard.
Workday announces immediate CEO change as co-founder Aneel Bhusri replaces Carl Eschenbach to lead company's AI transformation. Stock drops 5% on news.
ServiceNow is close to acquiring Veza for over $1B, aiming to boost its identity security capabilities across users and machine accounts.
Workday reports Q3 2025 earnings with revenue beating estimates but cautious Q4 guidance sends shares down 6% in premarket trading amid demand concerns.
