Workday to cut 1,750 jobs in AI push

Workday said on Wednesday it will cut around 1,750 jobs, or 8.5% of its current workforce, as the human capital management firm invests heavily in artificial intelligence to counter a softer macroeconomic environment.

Shares of the California-based company jumped over 4% in premarket trading.

Workday CEO Carl Eschenbach said the layoffs are necessary to prioritize investments such as…