SAP

During its latest investor webcast, enterprise software giant SAP said it’s eliminating 3,000 jobs, amounting to 2.5% of its workforce.

CEO Christian Klein said the layoffs result from SAP’s consolidation around its S/4 HANA and Business Technology Platform (BTP).

“In 2023, we intend to sharpen this portfolio focus further,” Klein said. “As we continue to build on our core strengths, we will be pivoting our CX and industry areas to be more focused on specific industries complemented by a strong ecosystem. This focus on our core, together with our ongoing optimization of SAP structure for cloud success, are behind the announcement we made today. The intent [is] to carry out a targeted restructuring in select areas of the company.”