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SAP Plans to Reduce Workforce in Germany by 2,600 Positions

BySamantha Johnson

Apr 6, 2024
SAP Plans to Reduce Workforce in Germany by 2,600 Positions

According to a report in the “Handelsblatt,” SAP is planning to reduce its workforce by cutting 2,600 jobs in Germany as part of a global restructuring initiative that will eliminate a total of 8,000 jobs worldwide. The company aims to realign itself with cloud technology and artificial intelligence (AI) to drive growth and innovation in the future.

The job cuts at SAP in Germany will be implemented through a combination of voluntary measures such as early retirement and severance payments, as well as retraining and some layoffs. Despite Germany’s strict employment protection laws, the company is working with social partners to negotiate the details of the restructuring process.

Most affected employees will be informed in the coming weeks, with the goal of completing the restructuring by the end of the first quarter of 2025. SAP plans to continue investing in growth areas and maintain its current workforce levels until the end of 2024.

The European works council has criticized SAP’s management for not adequately justifying the business logic behind the restructuring and not providing clear information about inefficiencies. The council believes that decisions are being made based on cost-cutting rather than the value that employees, teams, and locations offer to customers.

Despite the restructuring, SAP reported a 13% increase in operating profit in 2023, totaling €8.7 billion. The company aims to further grow sales and profits in 2024, focusing on the cloud division. SAP also plans to invest heavily in AI, with nearly €1 billion earmarked for this area by the end of 2025.

In addition to the restructuring news, the article also includes various topics related to online slot games, such as the benefits of playing slots from home, the evolution of slot machines, and tips on how to win jackpots. These topics cover a wide range of slot-related information for enthusiasts and players looking to enhance their gaming experience.

By Samantha Johnson

As a content writer at newszkz.com, I delve into the realms of storytelling, blending words to paint vivid narratives that captivate and inform our readers. With a keen eye for detail and a passion for research, I craft compelling articles that resonate with our audience. My love for words drives me to explore diverse topics, ensuring that each piece I create not only educates but also entertains. Join me on this journey as we navigate the ever-evolving landscapes of news and knowledge together.

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