Thread regarding SAP layoffs

@OP Could have something to do with the sticker shock rippling through the ECC/ERP world when they talk about SAP RISE. What few customers are productive in RISE with real systems (not little side systems) are talking at conferences and it aint pretty. 5-6x the cost of on prem AND little to no agility and flexibility, with 10 minute changes taking days now. Could that be the reason?

@OP Its tanking today and will likely skyrocket tomorrow because our shareholders have the emotional maturity (and business acumen) of teenagers... and yet our leadership caters to their every childish whim.... remember the pecking order of where people come when it comes to our leadership: 1) themselves, 2) the shareholders, 3) the customers, 4) the shareholders, 5 thru 20) the shareholders, 21) the german employees, 22) the shareholders, 23) the remaining employees.

They are capitalist, opportunistic swine. You don't matter.

@142 Can the shareholders sue for gross incompetence of the board?

The fact is that this breach on SAP platforms has been going on for the last 5 months or longer, see: https://cyberscoop.com/sap-cyberattack-widens-drawing-salt-typhoon-and-volt-typhoon-comparisons/

As reported the level of these threats on SAP has been increasing and getting worse. Ransomware groups have been increasingly exploiting these vulnerabilities. As of last May there were 581 victims - but was acknowledged this is by no means the full list.

This is surely one of the reasons SAP stock has been faltering - how can Europe's largest Software manufacturer and company explain such a massive and protracted failure with an apparent inability to fix this in a timely and permanent manner.

Yes, this breach occurs at the same time our stock selloff commenced and is the main reason for the lack of confidence from the stock market.

Really doesn't speak well as to to the level of expertise we have running the company.

Hundreds of SAP customers have been subject to cyber-attack because of this vulnerability. JLR had to stop its production line - projected 50 million in losses. This is very likely one of the reasons the stock is down, and as more companies are impacted, the further the stock will plummet. There are plenty of articles about these cyber-attacks and it is due to vulnerability with SAP NetWeaver.

@10w The answer is clear. Because the board is so superb, it cannot be at fault.

Therefore it is the employees‘ fault. Layoffs are the just result.

@10w

I think you touched on the central issue driving our stock decline and that is "what exactly is SAP's Strategy"? Can anybody provide a clear and direct link between our strategic goals and the company's day to day focus?

Anyone remember some years ago many teams had to run the excercise of the "elevator pitch" - basically it was if a C level individual got on the elevator with you and you had just 30 seconds to define what your role was and how it supported the Corporate Goals. How about we think if one of our C level now got on the elevator with us, could they provide a clear 30 second summary on what is exactly our strategy?

I get the sense we are like a "salt shaker" - we dabble in many areas but are not known to be the "go to" for any single one of them ( Data analytics, Cloud migration, AI involvement, ERP transition to S4 Hana...etc )... but does the investment community get a real sense we have a solid focus on a profitable path?

I guess the continued decline in our stock valuation tells that story.

Stock is down > $55/per share in last 3 months. It is in a state of free fall, while at the same time our competition is gaining share price.

So what is the reason the market is, and has been for several months, selling off SAP?

It must be that the market sees lack of potential gains, both short and long term, from SAP strategy. And then who is responsible for this? We have a puppet for a Supervisory Chairman and complete lack of "real" experience on the Executive Board to be leading a Fortune 100 company.

Something quite significant will have to happen pretty quickly to restore even a minimum amount of market confidence and stabilize the stock price. Either a shakeup of the Executive and Supervisory Board members or further layoffs - take a wild guess which one those running SAP will go for.

@OP SAP share is now -9% Year To Date !

How low can it still go ?

When will the board start making decisions ?

Exactly, it is due to Oracle's soaring stock with around 40% gain which is unheard of and rare moment probably happening in enterprise software once in 20 years or so.

@a2 @OP+1k4t1ksy3 It could be that somewhere deep down in the dependency chain of netweaver, a dependency had this vulnerability and it was only found in this dependency recently - which unfortunately happens all the time, but can hardly be avoided unless SAP wants to build everything from the ground up (which would mean that we take ages to ship anything and probably haven even more security problems).
Almost all software builds on components built by on components that build on other components and so on...

Pointing fingers here is easy, but even the best QA/QC cannot remove the risk of vulnerabilities - it can just minimize it. And patching is the best we can do.

Nevertheless, I agree it su-ks 😁

Trust the board. They know what they are doing. Things will be fine.

This security breach speaks as to how SAP is running it's business these days. Where is the QA/QC in our systems and processes?

This along with the post @OP+1k4t1ksy3 below ( where Oracle has just delivered on major AI health care product) is why the market has turned away from SAP.

It's all about a lack of "market confidence" in SAP at the current time.

We have now just about given back all of the gains for the last 12 months and this drop does not look like it is over.

Doubt this was the reason why stock is down. The move seems inline with Oracle winning vs SAP losing