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SAP to Restructure 8,000 Jobs in Push Towards AI

iTnews

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Details

Date Published
25 Jan 2024
Priority Score
2
Australian
Yes
Created
8 Mar 2025, 02:41 pm

Description

Also forecasts cloud revenue growth.

Summary

SAP SE's decision to restructure 8,000 jobs to focus on AI-driven business areas underscores the growing shift towards artificial intelligence in the enterprise sector. The company forecasts significant growth in its cloud revenue, indicating its strategic pivot to integrate AI within its core offerings. While the reorganization reflects broader trends in digital transformation and automation, its implications for AI safety or existential risks are minimal. However, the move could influence global software firms' approach to workforce management and AI implementation, with SAP's actions potentially serving as a model for similar organizations.

Body

Shares of SAP SE jumped seven percent to an all-time high after the German software firm forecast growth in cloud revenue and said it will restructure roles for 8000 jobs to focus on growth in artificial intelligence (AI)-driven business areas. The company said it will spend 2 billion euros ... Hi! You've reached one of our premium articles. This is available exclusively to subscribers. It's free to register, and only takes a few minutes. Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox. Register now Already have an account? Log in to read this article.