software company SAP plans job cuts and sale of Qualtrics With the job cuts, SAP wants to concentrate on growth in the traditional area with software for corporate management. photo © Uwe Anspach/dpa Software giant SAP joins the latest wave of layoffs in the global tech industry with thousands of job cuts. The company wants to noticeably reduce annual costs. In view of the planned turn towards more profit, Europe's largest software manufacturer SAP wants to make itself leaner and...
Status: 01/26/2023 5:35 p.m For a long time, the market leader for business software had hardly any serious competition. But why is SAP's dominance dwindling so noticeably that the company is now cutting thousands of jobs? The fan manufacturer ebm-papst from Mulfingen near Heilbronn is what experts call a "hidden champion": it is hardly known to the general public, but it is the market leader in its segment. The fans of the Swabian medium-sized company can be found in machines,...
Status: 01/26/2023 10:43 a.m The big wave of layoffs in the tech industry started in the USA, and now it has also arrived here. Europe's largest software manufacturer and DAX group SAP wants to cut jobs massively - also in Germany. In view of the planned turn towards more profit, Europe's largest software manufacturer SAP wants to make itself leaner and cut 3,000 jobs. This was announced by SAP CEO Christian Klein when the annual figures were presented. This corresponds...
cloud computing SAP competitor Salesforce is cutting thousands of jobs The cloud software provider Salesforce wants to lay off every tenth employee to cut costs. photo © Stefan Sauer/dpa-Zentralbild/dpa In November, the SAP competitor disappointed investors with its forecasts. Now every tenth employee is to leave. Salesforce isn't the only tech company suffering from cost pressures. The US software manufacturer Salesforce wants to get rid of around every tenth employee in the difficult business environment. The rival of the Dax...
cloud computing SAP competitor Salesforce is reducing every tenth job The cloud software provider Salesforce wants to lay off every tenth employee to cut costs. photo © Stefan Sauer/dpa-Zentralbild/dpa In November, the SAP competitor disappointed investors with its forecasts. Now every tenth employee is to leave. Salesforce isn't the only tech company suffering from cost pressures. The US software manufacturer Salesforce wants to get rid of around every tenth employee in the difficult business environment. The rival of the Dax...
The marathon is approaching. In a few days, if not already gone for the most impatient, the end of year celebrations will be synonymous with delicacies for many. So what ? Not sure that all bodies appreciate. So some are required, perhaps also to clear their conscience, detox cures at the beginning of January. Milk thistle, lemon, black radish, vegetables… There are many on the shelves.Jérémie Kubler collects up to 20,000 liters of birch sap each year. - Jeremy Kubler"But...
Dusseldorf As in the previous month, US inflation data boosted the German stock market. According to the data, the Dax rose by more than 200 points on Tuesday afternoon. The leading index is currently at 14,565 points, an increase of 2.2 percent or the equivalent of 310 points.US inflation came in at 7.1 percent in November, below the expected 7.3 percent. It was another decline in the annual rate, the fifth in a row. For the capital market expert Thomas...
SAP boss Christian Klein is convinced that Germany's future will be decided in technology. Why he sometimes feels powerless, what the problem was at the dual leadership and why he is currently spending a lot of time in the forest. source site
Status: 10/25/2022 1:29 p.m SAP actually wanted to withdraw completely from Russia by the end of the year. Giving the business to third parties is currently not feasible, according to CFO Mucic. In Russia, the DAX group still employs 600 people. The German software giant SAP has postponed its complete exit from the Russian business. In a conference call, SAP CFO Luka Mucic blamed legal requirements that exist for customers and employees. Actually, the DAX company wanted to get out...
shares in this articleAs a result, the operating margin was above analyst estimates. SAP confirmed its goal of achieving double-digit growth in operating profit in the coming year. Although the annual forecast for 2022 remained unchanged for operating profit, cloud and cloud/software sales, free cash flow was reduced slightly to "around" instead of "more than" 4.5 billion euros. The much-publicized operating margin came in at 26.7 percent in the third quarter, down from the high prior-year figure of 30.7 percent...
