SAP said the changes will further accelerate the company’s transformation and strengthen its focus on a suite- and AI-first strategy.
The software vendor is facing turbulent times. At the beginning of 2024, the group had announced a restructuring program that would affect about 8,000 jobs. Terms such as layoffs and job cuts were avoided by those responsible. It is a measure to set up qualifications and resources according to future business requirements, the manufacturer hinted. In 2024, the company wants to focus more strongly on key strategic growth areas such as AI for companies.
However, the restructuring seems to go deeper than originally planned. Now up to 10,000 jobs at SAP could be affected by the restructuring, the company recently hinted. In the process, many employees are likely to leave the software manufacturer. SAP managers spoke of a positive response to the volunteer programs, which is reflected, among other things, in higher spending on the program. The group speaks of an additional €600 million that would be spent on restructuring. In total, the manufacturer is spending around €3 billion on the restructuring.
