The latest announcement is out from Dayforce Inc ( (DAY) ).
On February 26, 2025, Dayforce Inc. announced an efficiency plan to enhance profitability and sustainable growth, which includes a 5% workforce reduction to be completed by March 31, 2025. The plan is expected to incur restructuring charges of $18 million to $21 million and generate pre-tax cost savings of $65 million in fiscal year 2025, with the company reinvesting some savings into strategic growth initiatives for long-term positioning.
More about Dayforce Inc
Dayforce Inc. operates in the technology industry, focusing on providing a global people platform that helps organizations manage work complexities. The company aims to achieve significant financial goals, including growing to $5 billion in revenue and generating over $1 billion in free cash flow.
YTD Price Performance: -9.75%
Average Trading Volume: 1,585,853
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $10.16B
For a thorough assessment of DAY stock, go to TipRanks’ Stock Analysis page.