Restructuring at SAP is affecting nearly 10,000 jobs, a significant increase from the initially estimated 8,000 positions.
Higher Costs
SAP estimates the cost of internal restructuring to be around €3 billion, with an additional €0.6 billion for voluntary exit programs.
Voluntary Programs
Most of the job reductions will be managed through voluntary programs and internal retraining measures, aiming to minimize layoffs.
Employee Unrest
The restructuring has caused unrest among SAP employees, with engagement levels dropping from 76%-80% to 70%-74% in the current year.
Future Focus
The restructuring aims to align qualifications and resources with future business needs, emphasizing strategic growth areas like AI and digital transformation.
Strategic Growth
SAP is placing stronger focus on key strategic growth areas, particularly AI and machine learning, to drive future business success.
Efficiency Goals
The company aims to achieve efficiency improvements through organizational synergies and the use of advanced AI technologies.
Stable Workforce
Despite the restructuring, SAP expects the number of employees at the end of 2024 to be roughly the same as at the end of 2023.
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