SAP Gives Profit Outlook for 2025, Unveils Restructuring Plan
01/24/2024 09:24
SAP SE unveiled a plan to restructure operations this year to trim costs and focus more on artificial intelligence, affecting about 8,000 employees.
SAP SE unveiled a plan to restructure operations this year to trim costs and focus more on artificial intelligence, affecting about 8,000 employees.
The “majority” of the positions touched by the restructuring will be “covered by voluntary leave programs and internal re-skilling measures,” SAP said Tuesday in a statement, adding that it expects to end the year with headcount virtually unchanged. The German software maker said the changes will be made throughout 2024 “to ensure that SAP’s skill-set and resources continue to meet future business needs.” SAP said it had 107,602 full-time workers as of Dec. 31.