SAP to eliminate 3,000 jobs

SAP has announced that it will be cutting 3,00 jobs. This cut represents 2.5% of its total workforce.

The Associated Press is reporting that SAP is considering selling Qualtrics, a business software provider, only 4 years after purchasing the organization.

According to Reuters, Luka Mucic, CFO for SAP, told journalists, “We expect only a moderate cost saving impact for 2023, and a more pronounced one in 2024, about 300 million euros to 350 million in run rate savings as of 2024.”