{"id":72395,"date":"2026-09-29T16:38:13","date_gmt":"2026-09-29T20:38:13","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/white-house-and-ai-leaders-sign-morally-binding-safety-accord-workday-cuts-2-5-of-staff\/72395\/"},"modified":"2026-09-29T16:38:13","modified_gmt":"2026-09-29T20:38:13","slug":"white-house-and-ai-leaders-sign-morally-binding-safety-accord-workday-cuts-2-5-of-staff","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/white-house-and-ai-leaders-sign-morally-binding-safety-accord-workday-cuts-2-5-of-staff\/72395\/","title":{"rendered":"White House and AI Leaders Sign &#8220;Morally Binding&#8221; Safety Accord; Workday Cuts 2.5% of Staff"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>President Trump and top tech CEOs<\/strong> signed a voluntary, &quot;morally binding&quot; AI safety accord at the White House, establishing internal controls and auditing layers for &quot;super intelligence.&quot;<\/li>\n<li><strong>Workday (<a href=\"\/stock\/WDAY\">WDAY<\/a>)<\/strong> announced a <strong>2.5% workforce reduction<\/strong> (approx. 525 jobs) primarily within its Product and Technology teams, expecting up to <strong>$80 million<\/strong> in reorganization charges.<\/li>\n<li><strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>)<\/strong> reached a definitive agreement to acquire AI research platform <strong>Listen Labs<\/strong>, a deal reportedly valued near <strong>$2 billion<\/strong> and expected to close in Q4 FY2027.<\/li>\n<li><strong>American Airlines (<a href=\"\/stock\/AAL\">AAL<\/a>)<\/strong> and <strong>Alaska Airlines (<a href=\"\/stock\/ALK\">ALK<\/a>)<\/strong> plan to expand their joint business across the Atlantic and Pacific, seeking regulatory approval to coordinate fares and schedules.<\/li>\n<li><strong>U.S. Bank Regulators<\/strong> cleared the &quot;living wills&quot; of <strong>15 major banks<\/strong> with over $250 billion in assets, finding no deficiencies in their emergency resolution plans.<\/li>\n<\/ul>\n<h2>White House Secures AI Safety Commitment<\/h2>\n<p>President Trump met with leaders from the nation&#39;s most prominent artificial intelligence firms on Tuesday to sign a voluntary safety accord. The document, which Trump described as &quot;almost like a constitution,&quot; establishes <strong>robust internal controls<\/strong> and multiple layers of <strong>AI auditing<\/strong>. Executives in attendance included Meta (<a href=\"\/stock\/META\">META<\/a>) CEO Mark Zuckerberg, <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>) CEO Jensen Huang, and Anthropic CEO Dario Amodei.<\/p>\n<p>The agreement focuses on what the administration calls &quot;super intelligence,&quot; emphasizing <strong>self-policing<\/strong> and the detection of technological risks. While the accord is voluntary, Trump stated he believes it is <strong>&quot;morally binding&quot;<\/strong> for the industry. House Speaker Mike Johnson added that the U.S. intends to maintain its competitive edge while ensuring safety through continued deliberation in the coming days.<\/p>\n<h2>Workday Restructures Product and Tech Teams<\/h2>\n<p>Workday (<a href=\"\/stock\/WDAY\">WDAY<\/a>) is reducing its global headcount by approximately <strong>2.5%<\/strong> as part of a strategic reorganization. The cuts will primarily impact the <strong>Product and Technology<\/strong> divisions. According to an SEC filing, the company expects to incur total charges between <strong>$65 million and $80 million<\/strong>, with <strong>$40 million to $55 million<\/strong> in future cash expenditures for severance and benefits.<\/p>\n<p>Despite the layoffs, Workday reiterated its <strong>fiscal 2027 Q3 and full-year financial guidance<\/strong>. The company noted it will continue to hire in &quot;key strategic areas&quot; throughout the remainder of the fiscal year. The reorganization is expected to be substantially completed by the first quarter of fiscal 2028.<\/p>\n<h2>Salesforce Expands AI Portfolio with Listen Labs<\/h2>\n<p>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>) has signed a definitive agreement to acquire <strong>Listen Labs<\/strong>, an AI-powered customer research and simulation platform. The acquisition aims to integrate Listen Labs\u2019 AI agents into Salesforce\u2019s <strong>Marketing and Service Clouds<\/strong>. These agents are designed to conduct large-scale customer research and simulate consumer responses to new products or messaging.<\/p>\n<p>The deal is slated to close in the <strong>fourth quarter of Salesforce&#39;s fiscal year 2027<\/strong>. While financial terms were not officially disclosed in the announcement, previous reports suggested a valuation of approximately <strong>$2 billion<\/strong>. This move follows Salesforce&#39;s broader strategy to enhance its &quot;Agentforce&quot; platform with deeper qualitative customer insights.<\/p>\n<h2>Aviation and Banking Regulatory Updates<\/h2>\n<p>American Airlines (<a href=\"\/stock\/AAL\">AAL<\/a>) and Alaska Airlines (<a href=\"\/stock\/ALK\">ALK<\/a>) are seeking to deepen their partnership by having Alaska join American\u2019s <strong>Atlantic and Pacific Joint Businesses<\/strong>. This expansion would allow the carriers to coordinate international schedules and pricing, pending <strong>antitrust immunity<\/strong> from the U.S. Department of Transportation. The move is intended to provide Alaska Airlines with more seamless access to global destinations alongside <em>oneworld<\/em> partners.<\/p>\n<p>In the financial sector, the <strong>Federal Reserve<\/strong> and <strong>FDIC<\/strong> announced that 15 large banking organizations have successfully passed the review of their 2025 &quot;living wills.&quot; Regulators found <strong>no deficiencies<\/strong> in the resolution plans for institutions with over $250 billion in assets, including <strong>American Express<\/strong> (<a href=\"\/stock\/AXP\">AXP<\/a>), <strong>Barclays<\/strong>, and <strong>Deutsche Bank<\/strong>. Separately, <strong>Mastercard<\/strong> (<a href=\"\/stock\/MA\">MA<\/a>) declared a quarterly cash dividend of <strong>$0.87 per share<\/strong>, payable on November 9, 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways President Trump and top tech CEOs signed a voluntary, &quot;morally binding&quot; AI safety accord at the White House, 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