Workday, a cloud-based software company, announced plans to cut 400 jobs, which accounts for roughly 2% of its workforce. The move comes as the company restructures to focus on key growth areas and improve operational efficiency. Workday reported revenue of $1.06 billion in its most recent quarter, a 20% increase year-over-year.

Read more at Investing.com: Workday to cut 400 jobs, about 2% of workforce