SAP to cut up to 3,000 jobs worldwide, mulls Qualtrics sale
Associated Press
FILE ---The headquarters of German software maker SAP in Walldorf near Heidelberg in this Nov. 5, 2003 file photo. (AP Photo/Michael Probst,file) (Michael Probst, Copyright 2023 The Associated Press. All rights reserved.)
BERLIN – SAP said Thursday that it is cutting up to 3,000 jobs worldwide, or about 2.5% of its workforce, after a sharp drop in profits at Europe’s biggest software company.
SAP announced its cuts as the company said full-year profits fell 68% in 2022 compared to the previous year, to 1.71 billion euros ($1.87 billion).
“This was a difficult decision, and we are deeply aware of the personal impact of these changes,” the Germany-based company said in a statement. “We will provide colleagues the care and support they need during this challenging time.”
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