SAP plans job changes or buyouts for 8,000 employees in restructuring plan
Publishing timestamp: 2024-01-23 20:03:26
Summary
SAP plans to restructure and offer voluntary buyouts or job changes to 8,000 employees as part of its push to become more cloud-centric and accelerate growth through artificial intelligence. The company aims to maintain its headcount by the end of the year. SAP's stock has performed well, but it has adjusted its operating profit outlook due to share-based compensation. CEO Christian Klein is leading the transformation of SAP.
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