SAP to Cut 3,000 Jobs After Profit Plunges
Software maker seeks buyer for Qualtrics customer, employee analysis unit
BERLIN—Software company SAP SE joined the ranks of tech companies announcing job cuts this year, saying it would shed up to 3,000 positions after a steep profit drop in late 2022.
After growing rapidly at the height of the Covid-19 pandemic, technology companies have been laying off workers mainly in the U.S., with large employers such as Facebook parent Meta Platforms Inc. and Amazon.com Inc. shedding thousands of jobs last year.
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