Workday has announced a $1.1 billion acquisition of Sana, an AI company specializing in enterprise knowledge tools, to create a new, intelligent work experience that integrates AI-powered search, agents, and learning to enhance employee productivity and personalization.
Workday has acquired Sana Labs for $1.1 billion to enhance its learning platform with AI-native capabilities and to develop a new 'front door' experience for users, transforming how employees access and interact with corporate systems and knowledge, amidst increasing competition in AI and enterprise agent platforms.
Workday's stock fell 3.8% after reporting strong Q2 earnings but issuing a slightly disappointing Q3 outlook, amid broader concerns about AI's impact on the software industry. Despite beating revenue and earnings estimates, the company's cautious guidance and the sector's AI disruption fears led to a selloff, even as Workday invests heavily in AI-driven solutions to stay competitive.
Workday is acquiring Paradox, an AI-driven candidate experience platform, to enhance its talent acquisition suite, enabling more efficient and personalized hiring processes across all worker types and roles, with a focus on high-volume frontline industries.
Workday, a provider of HR technology, experienced a data breach affecting some user contact information, likely linked to a larger attack on Salesforce databases by the hacking group ShinyHunters, raising concerns about social engineering scams and limited disclosure practices.
Workday experienced a data breach through a social engineering attack targeting its employees, which compromised some business contact information from its third-party CRM platform, though no customer account data was reportedly accessed. The company responded quickly by cutting off access and enhancing security measures, but the full scope of the breach remains uncertain.
Workday, a major HR technology provider, confirmed a data breach where hackers stole personal contact information from a third-party database, potentially used for social engineering scams, but did not access customer HR data. The breach was discovered on August 6, and Workday has not disclosed the full extent of the stolen data or the specific platform involved. This incident follows recent cyberattacks on Salesforce databases used by large companies.
Workday disclosed a data breach resulting from a social engineering attack on a third-party CRM platform, likely linked to the ShinyHunters group targeting Salesforce instances, exposing business contact information of over 11,000 organizations, including some of the Fortune 500, while denying customer tenant impact.
Workday successfully increased AI adoption among its employees to 79% by implementing initiatives like internal campaigns, upskilling programs, and personal AI goals, overcoming barriers such as lack of time and uncertainty, and emphasizing responsible AI principles amidst concerns about job impacts and productivity gains.
The S&P 500 index is undergoing changes with Apollo Global Management and Workday being added, while Qorvo and Amentum Holdings are removed due to market capitalization requirements. These changes reflect the dynamic nature of the index, which aims to include companies with significant market value. Inclusion in the S&P 500 is prestigious and can impact stock visibility and price, although the effect is less pronounced than in the past. The Nasdaq-100 is also set for a reranking, with potential candidates being evaluated based on growth prospects.
AppLovin's stock plummeted nearly 15% after the company was not included in the S&P 500 during the index's quarterly rebalancing, despite a significant rise in its stock value earlier this year. Instead, Workday and Apollo Global Management were added to the index, with Workday's stock rising and Apollo's initially spiking before closing lower. AppLovin, known for its app development and mobile games, remains on IBD's Big Cap 20 and Tech Leaders lists.
Workday and Apollo Global Management are set to join the S&P 500 index as part of a quarterly rebalance, replacing Qorvo and Amentum Holdings, which will move to the S&P SmallCap 600. Workday's stock rose 6% while Apollo's initially surged before falling 1%. AppLovin, despite its significant gains in 2024, was not added to the S&P 500, leading to a 15% drop in its stock. Other index changes include Comerica and Carpenter Technology moving to the S&P MidCap 400, and Terreno Realty and Champion Homes joining the S&P SmallCap 600.
Workday and Apollo Global Management are set to join the S&P 500 index, replacing Qorvo and Amentum Holdings, which will move to the S&P SmallCap 600. This change, effective December 23, led to a rise in Workday and Apollo stocks, while AppLovin, despite its significant gains in 2024, was not included in the S&P 500, causing its stock to drop. Additionally, Comerica and Carpenter Technology will move to the S&P MidCap 400, while Terreno Realty and Champion Homes will join the S&P SmallCap 600.
Apollo Global Management and Workday are set to join the S&P 500 index, replacing Qorvo and Amentum, respectively, effective December 23. This change follows the recent addition of Texas Pacific Land to the index. Qorvo and Amentum will transition to the S&P SmallCap 600. The S&P 500 has risen 28% this year.