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 layoff announcement came as the company said its cloud revenue was up 30 per cent to 3.39 billion euros in the fourth quarter (Q4) of 2022. 📝 SAP Layoffs: Enterprise Application Software Major To Cut 2.5% of Workforce, Sell Stake of Qualtrics.