Workday stock drops 10% as CEO bets on agentic AI to replace human labor
Workday shares fell about 10% in after-hours trading after the company projected slower subscription revenue growth than expected. CEO Anil Bhusri said AI products won't generate meaningful revenue until later in the year but framed agents as a growth catalyst: "What can agents do to replace human labor?"
A spokesperson clarified Bhusri's comments were about industry-level shifts, not Workday's own workforce. The stock decline adds to broader software sector pressure from AI disruption fears.
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