Workday CEO Eschenbach Steps Down; Co-Founder Aneel Bhusri Returns as CEO
Workday, a leading enterprise resource planning software firm, has experienced a significant leadership change. Carl Eschenbach has stepped down as CEO, effective immediately. Co-founder Aneel Bhusri will return to the position, reinstating his role as CEO.
Leadership Transition at Workday
Eschenbach joined Workday in December 2022 as co-CEO, working alongside Bhusri. Since February 2024, he had been the sole CEO. Bhusri has a long history with Workday, having served in various capacities since 2009, including both co-CEO and executive chairman.
Focus on AI and Future Growth
Workday’s board confirmed that Bhusri’s return to the CEO role is permanent. This decision comes as the company embarks on significant AI initiatives. Bhusri emphasized the importance of AI, stating, “AI is a bigger transformation than SaaS — and it will define the next generation of market leaders.”
Impact of Recent Workforce Reduction
In February 2024, Workday laid off approximately 1,750 employees, accounting for 8.5% of its workforce. This restructuring aimed to position the company for success in the evolving landscape shaped by AI technologies.
Key Facts
- Outgoing CEO: Carl Eschenbach
- Incoming CEO: Aneel Bhusri
- Date of Change: Announced Monday (specific date not provided)
- Workforce Reduction: 1,750 employees, or 8.5% of the workforce in February 2024
As Workday continues to adapt to industry demands, the return of Bhusri as CEO marks a strategic shift towards leveraging artificial intelligence. The company is poised to redefine its market approach under this new leadership dynamic.
