SAP Layoff: 3000 job vacancies in famous IT company! – German information technology company sap layoff 3000 employees from its work force

by time news
2023 has started as a very bad year for the IT industry both in India and internationally. With layoffs already in place by the end of 2022, the start of the year has gotten even hotter. Famous IT companies are laying off their employees in droves. This has created fear among the employees. They are panicking about who will be fired next.

Apart from India, famous IT companies from various countries including USA, Germany are releasing notification related to layoffs one by one. The famous German IT company SAP has joined the ranks. The company plans to lay off about 2.5 percent of its workforce. According to this, about 3000 employees are laid off.

It is said that the decision to lay off has been taken with the intention of reducing the costs of the company. IT companies are often involved in redundancies with the aim of reducing their costs and efficiency. Similarly, automobile companies have been downsizing heavily for the same reason for the past few months.

In the case of SAP, not only layoffs but also share sales. It is in the process of selling shares in Qualtrics, an experience management company it owns. For this, the help of Morgan Stanley has been sought. SAP has embarked on this move to focus fully on its core business and to reduce costs and increase revenue. It is noted that approximately 1.20 lakh employees are working in SAP worldwide.

A few days ago the famous automobile company Ford announced the layoffs. It announced about 3,200 layoffs across Europe. There were similar high layoffs last year as well. More than 3,000 people were laid off in the second half of 2022. A lot of people were affected in America.

Ford Layoff: 3200 job vacancies in Ford company.. Continued layoff!
It has been said by the Ford company that there are too many employees in various branches of the Ford company and they are laying off the remaining people only according to the need. More layoffs are expected this year.

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