OtherDE

SAP Layoffs

January 2023

SAP announced a layoff affecting 3,000 employees (3% of its workforce) in January 2023. The company operates in the Other sector.

People Affected

3,000

Percentage

Announced Date

Jan 26, 2023

About

German enterprise software giant SAP announced on Thursday, January 26, 2023, that it will cut up to 3,000 jobs, representing about 2.5% of its global workforce. This targeted restructuring aims to streamline the company's portfolio and concentrate investments in its strongest growth areas, such as its accelerating cloud business. The move, expected to yield significant cost savings, comes despite SAP reporting positive fourth-quarter results and meeting its annual guidance. The layoffs reflect a strategic shift to ensure double-digit profit growth in 2023, even as the company navigates a challenging macroeconomic environment.