Dayforce, Inc. announced on February 26, 2025, a plan to reduce its workforce by approximately 5%. This strategic decision is part of an efficiency drive aimed at optimizing the company's operations.
The workforce reduction is expected to result in a non-recurring restructuring charge of $29.2 million in the first quarter of 2025. This initiative is projected to yield $65 million in cost savings during 2025 and $80 million on an annualized basis.
The efficiency plan is intended to contribute to future margin improvement and support the company's goals for profitable growth. This move aligns with management's focus on operating the business for optimal cash generation while maintaining innovation and customer success.
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