BREAKING: SAP Cuts Additional 2,000 Jobs
SAP SE is laying off more than 2,000 of its workers.
This is the software giant’s second job cut under Chief Executive Officer Bill McDermott.
According to a Bloomberg report, “sales of software sold to businesses under traditional licenses gives way to products they rent in an arrangement called cloud computing.”
Payments for web-based applications are stretched over a financial period and require engineers with different skills. This creates dents in profits.
They are offering early retirement options and new placements for employees who will be affected by the downsizing.
The move will remove 3% of its global manpower consisting of 74,000 employees. There is no word yet as to how much will be taken off from its home country, Germany.
On May 2014, SAP cut more than 1,500 jobs under McDermott when it shifted focus from software programmes to cloud computing.
SAP is the top software provider of enterprise applications.