Thread regarding SAP layoffs

Nowhere in that announcement does it say - the additional layoffs are simply more people accepting VERP. Yes - it mentions more people took the VERP offer, but it doesn’t say, as a result of more people accepting VERP, the number will be increased to 10,000 (as much as everyone wishes that were the case).

the workforce layoff plan is a huge success. More layoffs = higher stock and exec bonuses. They want much more of a good thing. Cant really blame them.

Are they lowering the age threshold for VERP, or are these increased numbers a direct reflection of catering to the higher-than-anticipated interest for voluntary separation offers for places like Germany where layoff is not an option?

They didnt offere the VERP to all the groups. It was targeted. Damn it I wanted it.

I think its time for SAP Employees to start getting ahead of the curve and get jobs outside of this terribly run company. Go get yourself a better job at a better company! Christian Klein has been such a disaster for SAP.

Any numbers released on how many of the original 8k have already been notified/impacted and shown the door?

The additional layoffs/redundancies aren’t the VERP employees because in the earnings call they said the ones to be let go will be employed through December 31, 2024. So like last year - work hard to deliver a record setting Q4 and then in January we will get rid of you - but hey thanks for Q4!

Saw this in the news: "German software giant SAP is expanding its workforce reduction plan due to the willingness of many employees to accept redundancy."
And in the post from June 18, there's this comment: "Massively oversubscribed for both voluntary and early retirement. They hoped for 2500 in Germany and had 5600 applications"
Is that what this round of job cuts is about?

Laying off so we can hire more in India and Brazil.

It’s pretty evident that layoffs and redundancies will continue, another few thousand isn’t the end. As one commentator observed - in his country the expression is “now the lion has tasted the blood…he is hungry for more”. I’m sure I’ve butchered that but think I’ve captured the sentiment.

Dismantling program - SAP will cut more jobs - up to 10,000

Europe's largest software manufacturer SAP is expanding its layoff program due to the readiness of many employees. The company plans to significantly reduce costs starting next year. Instead of reducing 8,000 jobs, as previously planned, SAP now intends to reduce between 9,000 and 10,000 current jobs, as Walldorf announced on Monday evening after the US stock market close. At the end of the second quarter, there were 105,315 positions - and thus almost 3,000 fewer than at the end of the first quarter.

In the following, SAP raised its forecast for the adjusted earnings before interest and taxes (EBIT) for the coming year by 0.2 billion euros and aims to generate operative revenues of around 10.2 billion euros in 2025. So far, SAP has estimated the cost savings from layoffs at around 500 million euros. To be able to cut more jobs, SAP returned an additional 0.6 billion euros in the second quarter.

The management confirmed the forecast for the current year and the revenue expectations for 2025 remain unchanged. The papers traded in the US related to the Dax-conglomerate gained approximately 4% in follow-up trading.

1. Despite the expansion of its layoff program, SAP, a prominent software company based in Walldorf, Germany, situated in the state of Baden-Württemberg, is optimistic about its future earnings and revenue prospects in Europe.
2. The layoff program at SAP, which is impacting companies across Europe, is expected to generate significant cost savings, with initial estimates reaching approximately 500 million euros, according to the company.
3. SAP, a key player in the European technology sector and Europe's largest software manufacturer, announced its intention to further decrease its workforce by between 9,000 and 10,000 positions, surpassing the previously planned 8,000 job cuts.