Thread regarding SAP layoffs

@fm And that has what to do with layoffs at SAP? While you're at it perhaps enlighten us as to the law around social media posts in the UK. Here's a starter for 10:
https://www.gov.uk/government/publications/online-safety-act-explainer/online-safety-act-explainer
It protects Children first and foremost, I assume you at least agree with this part of the Act?
Try and do you your due diligence before following the MAGA herd and spewing forth whatever hateful rubbish that comes into your head.

@fq or couse they don’t! Until they need it, or a family member needs it! Then it’s case of Oops! More mo--ns not knowing or caring about what is in their best interest!

@fy It's not like you folks in Europe have any choice. The US admin has decided to invest millions in think tanks that will support parties of their choice get elected. The admin got SAP to ki-l all DEI programs. And the SAP board has refused to work to support European governments implement European sovereignty. SAP is influencing companies and governments to use AWS and Azure so the US can have access to all customer data through the Cloud Act and Patriot Act. The entire SAP roadmap underwent a pivot to support Palantir's AI aspirations. Worker rights are being reduced just like salary appraisals and benefits budgets. The executive board has their lackeys on the supervisory board who rubber stamp millions in bonuses. The executive board has also compromised the upcoming Betriebsrat elections so immigrants will be voted out and only Germans supporting them will win. The stock price manipulation is complete and it is going up and up and will be above €200 around the time when executive bonus decisions are finalized and signed. All the people who fought the US admin around the Greenland debacle will find themselves in some island files and the EU governments will lose credibility. There is nothing you can do. You simply cannot win. It is written.

@fq
To agree with your comment would require one to accept your premise that the US example is to be emulated.

@ez You sir do not give a toss about Europes economy. Like all your type you point blame at others for your own short comings.

The problem isn't executive salaries. The problem are immigrants.

If SAP has less immigrants, all the immigrant jobs will go to Europeans who will pay taxes and contribute to the European economy. And they spend their money in Europe which also helps the European economy.

Immigrants send money back to India or whatever $hitHole they come from. That takes money away from Europe and gives it to developing countries. This is trillions of Euros and more costly for the European economy.

SAP should stop investing in immigrants. We want remigration.

Please lay off another 10000 employees and use the money saved to pay executives more bonuses

• SAP executive board’s stance supported by SAP HR

Chucks salary is adequate.

Christian Klein is set to get €25 million this time which is an increase i the previous €18 million bonus

That's his price to not issue layoffs in Germany this year. That's the deal that the executive board, HR, supervisory board and Betriebsrat reached.

CK and DA and their flunkies and most L1s are solely focussed on increasing personal wealth and extracting as much benefit from SAP as they can, while they can. HR, the exec and supervisory board and L1s and L2s are their accomplices. You don’t think they see the writing on the wall much more clearly than our hardworking employees trying to keep this house of cards together? They spend enormous sums with McKinsey and other advisors. They know SAP has, at most, 3-5 years so they are extracting what they can now.

This is just Capitalism 101. Most of this can be avoided if executive bonuses are changed to RSUs instead of cash. But SAP decided to pay cash to executive board members so they focus on short term gains instead of long term growth of the company.

I don't care what the board gets paid as long as I get a decent increase and can survive. But the board got greedy and want to take money away from employee budgets to fill their own pockets. This is wrong. But no one can stop them now. They are too powerful and have even more powerful friends.

Executive job description
1) Blame customers for not understanding our products
2) Blame employees and call them names
3) Blame shareholders
4) Give fancy presentations
5) Make at least one bad comment a year
6) Blame market conditions for dropping share price
7) Never mention low trust in board because unfiltered surveys are a scam anyway

Number 5 is very important because they need to spend 5-10 minutes in every global call to apologize and show their humanity