SAP, the German software giant, is set to cut 8,000 jobs, representing approximately 7% of its workforce, as part of a major restructuring plan focused on AI. The company expects most affected employees to take voluntary buyouts or be reskilled for different roles within the company. The restructuring aims to drive SAP's attention towards AI and has led to record-high shares for the company.
Amidst strong Q4 and full year 2023 results, @SAP announced a restructuring that focuses the company on AI-based growth, with 8,000 employees expected to be reskilled or leave. Read more: #SAP #AI https://t.co/jG1eK6OkIC
After announcing a 2.5% workforce reduction nearly one year ago today, @SAP will initiate voluntary buyouts or role changes that will impact thousands of current employees. https://t.co/AJYyJ303e0 #techtrends2024 #techlayoffs #restructure #technews #sap #layoffs
SAP is implementing a company-wide restructuring this year in a move that will include job buyouts and job changes for up to 8,000 employees or more than 7 percent of the application giantโs workforce: https://t.co/dqnIkPw96N
Rise of AI sparks big changes at SAP affecting about 8,000 jobs https://t.co/Rf9hozTkga
SAP will eliminate 8,000 roles as part of 2024 restructuring plan https://t.co/YxIeI6eLkx
SAP achieves all-time high in shares following AI-focused job restructuring https://t.co/IFYNVUeGZc https://t.co/1tUNkHMnF4
German software giant SAP has announced a major restructuring plan that will affect around 8,000 employees as it focuses its attention on AI this year. https://t.co/uf4pq6SKq2
SAP to restructure 8,000 jobs in push towards AI, shares hit record https://t.co/2kmcR2vu96 https://t.co/LjDX59I6l9
โฌ2B SAP restructure program will affect 8,000 roles https://t.co/NwTqprwdRk
"SAP will cut 8,000 jobs in the coming year as it broadly restructures its business. SAP said it expects most of the affected employees to take voluntary buyouts or be reskilled for different roles at the company.. The new cuts, which represent roughly 7% of SAPโs workforce, cameโฆ