Cloud software major SAP’s restructuring plan to affect 8,000 jobs ...Middle East

New Delhi: Cloud software major SAP has announced a company-wide restructuring programme in 2024 that will affect approximately 8,000 positions. The majority of the approximately 8,000 affected positions is expected to be covered by voluntary leave programmes and internal re-skilling measures, the company said in a statement. SAP had about 108,000 full-time employees at the end of 2023 and the restructuring will affect over 7 per cent of its workforce. Reflecting re-investments into strategic growth areas, SAP said it expects to exit 2024 at a headcount similar to current levels. SAP now expects 10 billion euros ($10.85 billion) in 2025 adjusted operating profit which reflects share-based c

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