SAP intends to implement the program mainly through voluntary leave schemes and internal re-skilling measures, with an expectation to exit 2024 with a headcount similar to the current levels.
SAP SE is a European multinational software company based in Walldorf, Baden-Württemberg, Germany. It develops enterprise software to manage business operations and customer relations.
The layoffs come after SAP reported a rise of 30 per cent in revenue of its cloud business in the fourth quarter, helped by strong demand for its software
The layoffs come after SAP reported a 30 per cent revenue increase in its cloud business in the fourth quarter, helped by strong demand for its software, , SAP layoffs, layoffs