SAP job cuts prove harsh realities of enterprise transformation296

As traditional enterprise companies like IBM, Oracle and SAP try to transform into more modern cloud companies, they are finding that making that transition, while absolutely necessary, could require difficult adjustments along the way. Just this morning, SAP announced that it was restructuring in order to save between $750 million and 800 million euro (between approximately $856 million an $914 million).

While the company tried to put as positive a spin on the announcement as possible, it could involve up to 4000 job cuts as SAP shifts into more modern technologies. “We are going to move our people and our focus to the areas where the new economy needs SAP the most: artificial intelligence, deep machine learning, IoT, blockchain and quantum computing,” CEO Bill McDermott told a post-earnings press conference.

Original source
https://techcrunch.com/2019/01/29/sap-job-cuts-prove-harsh-realities-of-enterprise-transformation/

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