One of Europes most valuable companies is restructuring 8,000 jobs as it joins a growing list of firms shifting their focus to artificial intelligence.
SAP (SAP), the enterprise software giant, announced Tuesday that it would spend 2 billion ($2.2 billion) this year on the transformation, including buyouts and retraining programs.
The decision was necessary to prepare the company for highly scalable future revenue growth, the German firm said in a statement.
As a result, a significant part of its workforce, more than 7% of its 108,000 workers, will be impacted.
The majority of the approximately 8,000 affected positions is expected to be covered by voluntary leave programs and internal re-skilling measures, SAP said.
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