Activist investor Elliott takes more than $2 billion stake in Workday

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A motion is posted successful beforehand of Workday office connected Feb. 6, 2025 successful Pleasanton, California.

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Activist capitalist Elliott Management said connected Tuesday it has taken much than $2 cardinal involvement successful quality resources bundle seller Workday.

Elliott said it is pleased with its dialog with the enactment squad astatine Workday and expressed assurance that the multi-year program outlined astatine the company's Financial Analyst Day volition make important semipermanent worth for shareholders.

Earlier connected Tuesday, Workday announced it would bargain AI steadfast Sana for astir $1.1 billion, underscoring increasing consolidation successful the HR bundle spaceas companies contention to embed the booming tech into their products successful conscionable evolving lawsuit demands.

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