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Tim Fries

Workday Stock Drops Over 8% as Cofounder Aneel Bhusri Reassumes CEO Role on February 9, 2026

On February 9, 2026, Workday, Inc. shares fell more than 8% after the company said cofounder and executive chairman Aneel Bhusri would return as CEO, with Carl Eschenbach stepping down from the role and the board. The stock hit a new 52-week low even as Workday reaffirmed that its fiscal 2026 fourth quarter and full-year results are expected to match prior guidance, ahead of its scheduled report on February 24, 2026. The leadership transition comes as the enterprise software provider prepares for what it characterizes as a crucial phase in the AI era.
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