Recently, enterprise resource planning software company Workday Inc. announced it will lay off approximately 8.5% of its workforce, or 1,760 positions, in order to drive company growth and increase investment in artificial intelligence. This news was communicated to all employees through a filing with the U.S. Securities and Exchange Commission, with CEO Carl Eschenbach noting in a memo that Workday is at a 'critical moment' as various industries are rethinking how work is done, and the growing demand for artificial intelligence presents new opportunities for the company.