By Kathryn Hardison

 

Workday Inc.'s board of directors has approved a new share repurchase program with an authorization of up to $500 million.

The company said Tuesday that the new program is designed to reduce the impact of future share dilution from employee stock issuances.

The share repurchase program will have a term of 18 months and may be suspended or discontinued at any time, the company said.

 

Write to Kathryn Hardison at kathryn.hardison@wsj.com

 

(END) Dow Jones Newswires

November 29, 2022 16:44 ET (21:44 GMT)

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