“Big HR” Gets Hit With Big Job Cuts

Workday announces its own mass layoffs, so what does that mean for the tech industry?

I’ll say it again. This is not your garden-variety “tough job market.”

And if you still don’t believe me, ask any of the roughly 2,000 former employees of Big HR SaaS provider Workday.

No, actually, leave them alone. That’s not cool.

That job cuts announcement article is short, and light on the reasons for the firings, like most any job cuts announcement article. However, I’ve been researching my way down this hiring rabbit hole for about a year now, and I can put those small bits of information into context.

And I can also tell you why there’s hope for the tech industry job market.

The Job Cut Streams Are Crossing

To get into the reasons for the Workday job cuts, let’s grab a quote from the announcement article.

“Unlike many other tech companies, including Meta and Microsoft, Workday has not held drastic headcount cuts in recent years.”

The reasons for this seem obvious, and I’m not sure why TechCrunch didn’t speculate here. Meta and Microsoft aren’t HR tech companies, while Workday is the single biggest irritant in…