Multinational German software company, SAP, has revealed its comprehensive restructuring plan for 2024 involving voluntary redundancies or job changes for 8,000 employees.
The move is aimed at reshaping the company and positioning it for faster growth, driven in part by AI and a commitment to becoming more cloud-centric.
In an official statement released on Tuesday (23 January), SAP provided assurance that despite the restructuring, the companys overall headcount is expected to remain unchanged by the end of the year.
With approximately 108,000 full-time employees at the close of 2023, the restructuring plan impacts over seven percent of the companys workforce.
This restructuri…
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