SAP’s new AI push set to affect 8000 jobs: Details
SAP’s new AI push set to affect 8000 jobs: Details
SAP, a German software company, is undergoing a transformation program worth $2.2 billion to introduce AI, cut costs, and restructure employees. Around 8,000 employees, or 7% of the workforce, will be affected but won't lose their jobs. Instead, they will have the option of voluntary redundancy and retraining. SAP aims to achieve an operating profit of $10.9 billion by 2025. The company has invested $1 billion in AI-focused enterprise startups and is aligning with major tech players like Google and Microsoft in adapting workforce strategies to AI advancements.
SAP, a German software company, is undergoing a transformation program worth $2.2 billion to introduce AI, cut costs, and restructure employees. Around 8,000 employees, or 7% of the workforce, will be affected but won't lose their jobs. Instead, they will have the option of voluntary redundancy and retraining. SAP aims to achieve an operating profit of $10.9 billion by 2025. The company has invested $1 billion in AI-focused enterprise startups and is aligning with major tech players like Google and Microsoft in adapting workforce strategies to AI advancements.
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SAP, a German software company, is undergoing a transformation program worth $2.2 billion to introduce AI, cut costs, and restructure employees. Around 8,000 employees, or 7% of the workforce, will be affected but won't lose their jobs. Instead, they will have the option of voluntary redundancy and retraining. SAP aims to achieve an operating profit of $10.9 billion by 2025. The company has invested $1 billion in AI-focused enterprise startups and is aligning with major tech players like Google and Microsoft in adapting workforce strategies to AI advancements. 
