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No, the workflow will need to be turned off manually to stop the automation.
When a workflow is turned off, objects that meet the enrollment triggers won't be enrolled in the workflow. Objects that are still in the workflow will continue through the workflow, but any actions apart from delays will not be executed.
The impact of a new workflow action on objects that are active in the workflow depends on where they are in the workflow relative to the new action.
If an object is active in a workflow at a step before the action is added, they will be scheduled for it when they reach that new action in the workflow. If an object is active in a workflow at a step after the action is added, they will not complete the new action.
For example, in a workflow with two actions, when a new action is added between the first action and second action:
Object A was scheduled for the original first action. They will be scheduled for the new (now second) action after they execute the first action.
Object B was scheduled for the original second action. They will not be scheduled for the new action after they execute the original second (now third) action and will complete the workflow.