Workday's CEO is stepping down as its cofounder resumes the job

Dado Ruvic/Reuters

• Workday's chief is stepping down from his position as CEO and board member.
• Cofounder Aneel Bhusri returns as CEO for the fourth time.
• Workday recently laid off around 400 employees and was one of many software companies whose share prices tanked last week.

The CEO of Workday is leaving his post, a change that comes less than a week after the software provider laid off about 400 employees.

Carl Eschenbach is being succeeded by Workday cofounder and executive chair Aneel Bhusri...