Software company SAP joined the ranks of tech companies announcing job cuts this year, saying it would shed up to 3,000 positions after a steep profit drop
this year, saying it would shed up to 3,000 positions after a steep profit drop in late 2022.mainly in the U.S., with large employers such as Facebook parent Meta Platforms Inc. and Amazon.com Inc. shedding thousands of jobs last year.
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SAP to cut 3,000 jobs in efficiency move, explores Qualtrics stake saleSAP on Thursday said it plans to cut 3,000 jobs, or 2.5% of its global staff, and to explore a sale of its remaining stake in Qualtrics to focus on strategic growth areas and operate more efficiently.
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SAP to cut 3,000 roles, explore sale of Qualtrics stakeSAP became the latest tech giant to announce significant layoffs, with plans to cut up to 3,000 jobs, or about 2.5% of its workforce.
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3M will cut 2,500 jobs after missing fourth-quarter profit estimates - Dallas Business Journal'We expect macroeconomic challenges to persist in 2023,” 3M CEO Mike Roman said.
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Google plans to cut more than 1,000 Bay Area jobs as tech layoffs widenGoogle has sketched out plans to cut well over 1,600 jobs in the Bay Area.
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