(Bloomberg) — SAP SE is planning a restructuring that will affect about 8,000 jobs and increase the German software makers focus on artificial intelligence. The company projected that operating profit would rise to roughly 10 billion next year as result.
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As part of the restructuring this year, SAP said it will increase its focus on strategic growth areas, particularly business AI, and identify AI-driven efficiencies in its operations. The company didnt immediately respond to a request for comment on how many people will lose their jobs. It said in a filing late Tuesday that it plans to end 2024 with a headcount thats similar to current levels because of re-investments in other areas.
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