Stay Tuned!

Subscribe to our newsletter to get our newest articles instantly!

Software

SAP Layoffs: What CIOs Should Know


The bleeding in the tech industry continued last week as SAP announced that it would eliminate up to 3,000 jobs, which will comprise approximately 2.5% of its total workforce.

In its Jan. 26 statement, SAP positioned the cuts as part of a “targeted restructuring” as it focuses on the cloud market.

“This organizational reprioritization deepens our focus on delivering lifetime value to current and new customers in the cloud and on high-growth opportunities where SAP can lead,” SAP said in a statement from its Jan. 26 earnings provided to InformationWeek.

SAP also announced it will explore selling its stake in Qualtrics, a customer…



Source link

Avatar

Techy Nerd

About Author

Leave a comment

Your email address will not be published. Required fields are marked *

You may also like

Software Tech News

Build Smart Biolinks with AI: Introducing the AI Biolink Creator

AI powered content for Bio Links and Marketing.
Software Tech Tech News

Do you have a link in your Instagram or Tik Tok Bio?

Having links in your Instagram and Tik Tok bios is a great way to increase engagement with your followers, drive