SAP Cutting 1,500-2,500 Jobs in Cloud Computing Mission

Grazed from IBTimes. Author: Jerin Mathew.

Reuters citing a source said the German company is planning to cut between 1,500 and 2,500 jobs. The company employs more than 66,500 people in more than 130 countries across the globe. The company on 14 May indicated that there would be target job cuts in the company, but it declined to say the exact number of redundancies.

"The number is not yet definite and there are still checks being made as to whether positions overlap or are unnecessary," the person with knowledge of the matter told Reuters. The source added that the cuts would affect all regions and areas. Nevertheless, SAP plans to create about 3,000 new jobs in 2014, leading to a net increase in the number of staff, according to the source…

A company spokesman told the Wall Street Journal earlier that the goal of the layoffs isn’t to cut overall head count but to realign the company’s resources with its new strategy…

Read more from the source @ http://www.ibtimes.co.uk/german-software-company-sap-cut-1500-2500-jobs-cloud-computing-mission-1448814

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