The WARN Act requires an employer to notify employees, in writing, 60 days before a layoff, and pay the employee for those 60 days, in addition to any severance the employee may be entitled to. Unfortunately, some employers attempt to circumvent the... — read more
Germany call
What happened in the germany call after all hands... odd this was not shared with us all ? Thanks
I wonder when we'll know more
It would be a kind gesture to let us know as soon as possible who will be impacted. There is no need for all of us to agonize over being cut for weeks or maybe even months. But that would require our leaders to care about us at least a little bit... — read more
I am afraid that the number of impacted will be much higher
I hope that the final number of people who will be impacted by these layoffs will not exceed 3,000, although I doubt it. I think the percentage of the workforce that will be laid off will be more than 2.5% but that's just my opinion. I wish someone... — read more
2.5% layoff
In 2023, SAP will conduct a targeted restructuring program in selected areas of the company. The purpose is to further focus on strategic growth areas by aligning our operating models and go-to-market approach with our accelerated cloud... — read more
Healthy cycle of Tech Layoffs - Bullish
Tech companies take advantage of recessions to optimize headcount and remove low performing human capital and low performing product lines. It is a very healthy process and companies rise from the recession much stronger. Its very bullish for SAP... — read more
Always good to get the second opinion...Q4 results
Second Opinions always good... see what Zacks says about fourth quarter results,https://finance.yahoo.com/news/sap-set-report-q4-earnings-135101357.html Summary is follows: (i) Revenue about 8.23 Billion = equals a DECLINE of almost 10% YOY ... — read more
Dear Prophets of Doom, take note: "SAP Expected to Post Solid 4Q Results -- Earnings Preview"
https://www.marketwatch.com/story/sap-expected-to-post-solid-4q-results-earnings-preview-271674550963
More Layoffs at Microsoft
Microsoft to Cut Engineering Jobs This Week as Layoffs Go Deeper Microsoft Corp. (MSFT) plans to cut jobs in a number of engineering divisions on Wednesday, according to a person familiar with the matter, joining the ranks of technology giants that... — read more
Losing competitive advantage
There will be no VERP for ppl who joined in 2022-2023. Lay off on horizon, Oracle replaced SAP in both revenue and new customers in ERP to be Nr.1. They have wide range of solution from Strong ERP solution portfolio, Public Hyperscaler services to... — read more
SAP Layoffs 2023
If the market makes a turn soon, do you think there will be SAP layoffs? Any chatter, news or rumors?
So many slackers
It is unbelievable how many lazy people this company employs who hardly do anything. I wouldn't care about that at all if those same slackers weren't valued more than hard working people. My impression is that the least productive ones here are... — read more
Layoff in SAP
Hi, I have joined SAP 5 months ago in Singapore office, I am really worried about layoff and it's impact.. Any one has any ideas
Do you expect layoffs soon and who will be affected?
What do you predict?
I'm surprised things are so quiet here
Especially considering everything that has happened lately.
What's going on?
Are layoffs coming or not?
A layoff decoy ? SAP Stock Buyback, what's it really all about and what does it signal ?
As most of us are already aware, SAP is currently buying back EUR 500M in Stock thru to Dec 31, 2022. This comes behind a buyback of about EUR 1 Billion in the first half of 2022 and the repurchase of about EUR1.5 billion in 2020. That's a... — read more
RIF happening now in NA
Seems a RIF has started in August 2022. So far North America CS COO teams. More to come? What teams are being impacted and how many?
Market Cap
3 years since I was laid off in the 2019 restructuring. Since then SAP's Market Cap and Stock Price has lost about 30% of its value. My salary has increased 50%. I have outperformed SAP by 80%.
SAP acquisitions and market cap / stock price
SAP has made more than 70 acquisitions. How much have these contributed to shareholder value and share price? Litmus was sold today - how much was recovered from the $2.5B Callidus purchase? Can the company return to growth without aggressively... — read more
Taking a stand
https://finance.yahoo.com/news/salesforce-shuts-hong-kong-office-175759369.html A serious move by one of our main competitors, Salesforce. SAP should also consider shutting down offices in countries who do not share values ( whether they be... — read more
I think everyone expects some layoffs this year
One school of thought is that SAP will have minor layoffs in Q3, especially if the performance results do not look good. The hope would be that there is some improvement in Q3 - good enough to buy some time to turn profitable by Q4. If it turns... — read more
What really happened to Paoni?
Does anyone know why DJ Paoni really left SAP? The note about his leaving said he was "retiring" from SAP. I guess anything is possible, but he is 49 or 50 years old and he is retiring? Maybe so? I guess we will find out soon enough. If he... — read more
Do you think we'll have layoffs similar to Oracle?
What to expect?
Feeling a bit uneasy
https://finance.yahoo.com/video/oracle-reportedly-plans-lay-off-193212079.html FYI. All over the web, I see the news today that Oracle has begun what is reported to be a layoff in the thousands, the majority of which will be in the US. The... — read more
Can we talk facts ?
As has been said on other posts, especially after the Q2 results which were clearly designed to emphasize the revenue numbers and ignore the continuing decline on Profitability. I can understand this as the company is attempting to balance the... — read more
Profit is our main issue
Revenue is not what the investment community is looking for - They want to see Profit, which SAP did not fare well and fell below YOY performance on Profit Operating Profit has been a perpetual problem for the company to properly address and... — read more
Divestments
Whos on the chopping block? Read something about acquired product Litmos, anyone else?
SAP Announces Q2 and Half-Year 2022 Results
SAP Announces Q2 and Half-Year 2022 Results Cloud revenue up 34% and up 24% at constant currencies to become the largest revenue stream Current cloud backlog exceeds €10 billion, up 34% and up 25% at constant currencies SAP S/4HANA... — read more
Q2/2022 results - RIF could be coming
Early release of SAP's Q2 results show that Operating Profit Forecast is expected to report a drop from 1.92B last year to 1.74 B this year. While total revenue is expected to post higher, this ongoing problem of Operating Profit falling behind... — read more
SAP Chairman replacement
Has anyone else heard rumor that Jim Snabe will replace Hasso as Chairman? Hasso just renewed, for the last time, his term for another two years and Jim signed on last year for another 4 year term at Siemens which means then both terms will more or... — read more
Team of hundreds in support put on PIPs
SAP are starting to use Coveo for support and ramped up large number of new 3rd party contractors. After years of month on month improvement in metrics across the board in our support org the team of hundreds were told during all hands meeting they... — read more
Uncertainty makes me anxious
I don’t think I’ve ever, in my many years of work here, been more anxious. Don't we deserve at least a little more transparency from our management, which, if nothing else, would help reduce some of this anxiety?
Utilization Based Layoffs
I’m hearing that business cases are being prepared around an 85% utilization cutoff. Last Friday my MU GM published everyone’s utilization actual sat the bottom of a very benign email published weekly…”Look hey what’s that sound?… everybody knows... — read more
Layoffs at SAP earlier this week
There's a rumor going on that there were layoffs in the last day or two. I haven't heard anything but it's a big company and with our management never too willing to share crucial information, I know I could have missed it. Can somebody please... — read more
How deep is the turmoil in SAP?
I saw some other threads on this platform about the instability of our Board Members and I wanted to broaden this thread under the spirit of one of our corporate values to "Tell it Like It Is". Turmoil can be a critical derailer in establishing... — read more
Christian Klein exit?
Is there anything in the rumor that CEO is to be removed/leaving, due to move to cloud issues, handling of the Russia situation..? Anybody any insights into this or the disruption that would ensue.
Departure or not, SAP is still the land of the CFO's
Do not worry, even though Luka will be departing, we have many, many, more CFO's throughout the organization to keep the title ever present. Seems that any team who wants to find a place for a jolly friend, creates a new spot called "the CFO of... — read more