SAP planning major job cuts
The German technology company is eliminating jobs across divisions as it seeks to move faster and deliver more of its products as online cloud-computing services, said spokesman Jim Dever.
"This is a broad, companywide effort to make SAP more effective," Dever said in an e-mail. SAP will end the year with more employees than its current head count of about 67,000, he said.
The cuts, which are underway, would not number in the high thousands and would not result in SAP exiting lines of business, said a person with knowledge of the matter, who asked not to be identified because the information is private. Some of the jobs are back office positions supporting acquired companies, the person said.