https://www.cnbc.com/2024/01/23/sap-plans-job-changes-or-buyouts-for-8000-employees-in-restructuring-plan.html
Management is hedging their bets. There is recession in Germany, deindustrialisation is happening, western engine is slowing down, becoming more like an activist generation. Hardly 10-15 EU companies have a market cap of more than 100 Billion, in Software there are not even 5.
Asia is the new growth engine, less work life balance, could work for 12 hours for 6 days, employee salaries and cost of operations are low, profitability would be comparatively high. What more would companies need. They are running a capitalist business and not a NGO. Sad but true.
They are moving these jobs to India.
These fu----s dont stop getting rid of talented people who can actually communicate in good English
As mentioned in one of the other posts on Renjen, the new hires would be mostly in India and other developing countries. Thus the headcount would still remain the same by the end of the year!