Thread regarding SAP layoffs

@ac+1jj5gtqpa

Hopefully, divesting the senior leadership?

It’s nice to see that CK is being a great role model for us regarding cutting costs, (And carbon emissions, by taking the train to Davos.

I’m not sure that this entirely offsets the costs and associated carbon emissions associated with the ridiculous SAP house that they have created in Davos!

Last year CK announced that SAP "would slash" 100MM in internal costs by way of AI technology. This was going to be done, according to him, by improving internal processes. What this really meant is that SAP would cut '000's of jobs to reduce our payroll costs.

He made this statement for our customers ( existing and to be customers).

It was all about convincing customers that AI would be the magic pill that would propel companies into being profitable and all they needed to do was buy SAP Business platform to accomplish this feat.

Market believes the hype and so the stock is taking off. Time will tell if this was smoke and mirrors and the 1 Billion we will have spent pays off or is the ultimate detriment to the company.

SAP is buying it's way into the AI space with acquisitions like:   Walk Me,  Contextor,   Aleph Alpha GmbH,  Anthropic PBC and Cohere.    All part of a $1+ billion commitment to invest in AI-powered enterprise technology startups according to our Chief Strategy Officer. 

No question SAP is banking on acquisitions to get into the AI industry in a big way.   For those who were around here 10-15 years ago, we did the same thing with Cloud based acquisitions,  like Ariba, Success Factors, Concur, etc.. We can all debate how successful these acquisitions were but what is clear is that we didn't get into Cloud biz organically - we bought our way in.

But this strategy begs the question, just how much will SAP "need" its existing workforce many of whom came from our highly successful ERP business?   You know, this is the one that CK has vowed SAP  will exit -we can also debate how smart a move this is.   Nonetheless  the loyalty is gone and  the BS about" reskilling"   we know was just words,  so I see a major downsize and cutting of the talent SAP has in favor of resources who will drive the AI investments.  Something has to give as we once again buy our way into yet another market while we lose our most profitable businesses like ERP and Maintenance revenue and most likely what will give is our headcount

The problem @d7+1jj5gtqpa is there has been nothing beyond vapor ware demos and words about AI being amazing, agents blah blah blah with zero actual usable product use cases and a load of bloat forced on clients as part of rise and grow contracts

Since the beginning of the year SAP stock is up 13% - in just 3 weeks. Yahoo Finance says this about SAP: "Overall SAP ranks 2nd on our list of the mega-cap stocks that could continue surging post 52-week highs".

This is all based on SAP's pursuit of AI and the perception that some companies will succeed in advancing AI technology faster and better than others.

Clearly the market is sensing something in order to drive up the stock so quickly in such a short amount of time to where SAP is one of the Markets biggest movers in the last 30 days.

Is it all about AI and SAP's future in this space or something else ? Let's see next week what is revealed in the Quarterly Financial results.

@a5+1jj5gtqpa

Friend, you must be new to this platform. The answer is "yes" you can post anything you want but it has to pertain to layoffs, otherwise it is not permitted. So feel free to comment if you have something to add about SAP Layoffs.

Its the AI hype train and there isn't anything that SAP is better at than hyping vapor ware "next gen" technologies, we even beat IBM at it.

I see a possible divesture coming that the market senses... SAP is all about AI now, everything else is expendable that doesn't support our new vision.

Can we all type anything here?