Massive job cuts at German technology giant: 8,000 employees facing closure. The company wants to focus on cloud technology and artificial intelligence.
Germany is particularly affected, with 2,600 jobs expected to be lost. Job cuts at SAP are partly through voluntary measures such as early retirement and severance payments, partly through further training and partly through layoffs. In Germany there is an employment guarantee, so dismissals are excluded. It is expected that the creation of new positions will mainly take place outside of Europe.