A Dino Sized Surprise at Workday HQ
Yabba Dabba Doo folks Fred Flinstone here reporting live from Bedrock... well not really but I wish I was back home with Wilma and Dino. Anyway big news in the world of rocks and... software? Seems like this company called Workday it's got itself a new top dog. Or should I say a returning top dog? This fella Carl Eschenbach he's stepping down and the big cheese Aneel Bhusri is back in the driver's seat. Kinda like when I try to let Barney drive the Flintmobile – never ends well.
Bhusri's Back Bedrock
Now this Bhusri fella he's been around the block a few times. Co CEO CEO executive chair – sounds like more hats than Wilma has seashell necklaces. He's been calling the shots on and off since 2009. Eschenbach bless his heart took over the whole shebang in 2024 but now Bhusri's back to steer the ship. Speaking of ships maybe they should get a pterodactyl powered one huh? You can learn more about similar leadership changes and market analyses like this in Fed Holds Steady: A Messi esque Analysis of Interest Rates.
AI: The Newfangled Gadget Scaring the Stone Age
So what's causing all this fuss? Apparently it's this thing called AI. Sounds like something George Jetson would cook up not something that'd scare Wall Street. These investors are all jittery thinking AI is gonna turn the whole software world upside down. They're saying it's a bigger deal than SaaS whatever that is. All I know is if it messes with my bowling night I'm gonna have words.
Workday's Woes: A Rocky Year
And it ain't been a smooth ride for Workday lately. Their shares have been doing the Dino flop – down 17% last year and even worse this year. Ouch! That's gotta hurt more than stubbing your toe on a brontosaurus. They even had to let go of some folks – about 1,750 jobs. Seems like even fancy software companies have their share of Bedrock blues.
Eschenbach's Exit: "A Privilege"
Eschenbach says it was a "privilege" to be CEO. Good for him. He's proud of what he did – making things run smoother going global and getting into this AI thing. Sounds like he's leaving on good terms which is more than I can say for my relationship with my neighbor Mr. Slate after I 'borrowed' his lawnmower ahem I mean his rock mower.
Bhusri's Bold Prediction Bedrock
Bhusri's got a bold vision for the future. He says AI is the next big thing even bigger than this SaaS thing. He thinks it'll define the next generation of market leaders. Well I hope he's right. I'd hate to see Workday go the way of the dodo bird. Now if you'll excuse me I gotta go home and make sure Wilma hasn't redecorated again. Yabba Dabba Doo
jenn77
This CEO transition could be a good thing.