SAP is under a lot of financial pressure and the only way to fix this is by mass layoffs. Basically, we are investing too much in stock buybacks, AI (data centers and development) and bonuses. The executive board wants to axe the last one and increased the first two. So the only solution is layoffs. Oracle fired 20000 people yesterday and SAP is supposed to follow suit to "remain at a competitive advantage". The new works council is already in negotiations regarding this. SAP wants 12000 layoffs worldwide of which 5000 will be in European hubs. But this is kept hush hush. I feel like speaking out because I am tired of these bull$hit games. The biggest problem here is middle management and executives who want more bonuses for themselves and want to use third party contractors instead of full-time employees. They are the ones pushing for the layoffs. So don't listen to your area executives when they say that times are rough. If SAP didn't insist on share buybacks or invest too much in AI that is not producing any results for customers, we would not have such a deficit. This narrative needs to be fixed. I am tired of our CEO, CFO, executives and middle management saying that employee salaries and bonuses are the third highest expense for SAP. That is a good thing and not a bad thing. Employees create and sell good software not AI. Some of the managers pushing for this already have salaries of more than €200000 per year and still want more. Say no to layoffs. Talk back to your manager if they want to give you a bad rating. If you have done the work, you should get good performance ratings. They want to use bad performance ratings to fire employees or pay them less.
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When Chuck was still around, he absorbed all financial pressure.
He would have saved all of us.
He is greatly missed
All of these numbers are nothing but rumors. This is fearmongering, and nothing else.
Please refrain from doing so and discuss issues where the information is available. This is much more healthy.
But were not investing heavily in AI, certainly not in the way that oracle are. We are investing moderately in rnd on top of the hyperscalers and model companies but we haven't made the stupid mistake of building out AI datacentre's for companies that can never afford to pay for them, which is what oracle and amazon did and why they laid of people. The workers council really must push back on no share buy backs and instead investment in people and rnd must be prioritised. But that would involve leadership and vision that is sorely lacking at the top of this organization.
This su-ks. I am tired of the flip flop where we as employees don't know if we are in the next layoffs or not. And the culture is at an all time low. And the share price and shareholder confidence is going lower every day. Our board and executives see layoffs as an opportunity without caring for the impact it will have on SAP customers.
Our CFO was right. By using Joule, we are actively training our replacements.