SAP employees in Australia are facing an uncertain future with their employment after the business software giant announced it is cutting 4,400 jobs worldwide as part of its restructuring.
In its quarterly markets statement, SAP revealed plans to reduce its global workforce as the company transitions from a traditional software delivery to a more cloud-based model.
SAP will execute a company-wide restructuring program to further simplify company structures and processes and to ensure its organisational setup, skills set, and resource allocation continue to meet evolving customer demand, the company said.
Restructuring expenses are projected to be 800m to 950m (…
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