:German software firm SAP SE unveiled a 2 billion euro ($2.17 billion) restructuring plan covering 8,000 roles on Tuesday, as it seeks to better focus on growth in artificial intelligence (AI)-driven business areas.
SAP expects generative AI to fundamentally change its business and has pledged to invest more than $1 billion, while opening new tab in AI-powered technology startups via its enterprise capital firm Sapphire Ventures.
The company said it plans the restructuring to help better focus on key growth areas such as business AI. The restructuring programme would be implemented majorly through voluntary leave programs and internal re-skilling measures, the company said, adding that it expects to exit 2024 with a headcount “similar to…
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