SAP To Execute Company-Wide Restructuring Program In 2024; Majority Of ~8,000 Affected Positions Expected To Be Covered By Voluntary Leave Programs And Internal Re-skilling Measures
Portfolio Pulse from Benzinga Newsdesk
SAP announced a company-wide restructuring program set to take place in 2024, which will affect approximately 8,000 positions. The majority of these positions are expected to be managed through voluntary leave programs and internal re-skilling measures.
January 23, 2024 | 10:24 pm
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SAP is undergoing a restructuring that will affect around 8,000 jobs, aiming to handle the transition mainly through voluntary leave and re-skilling.
Restructuring news often has a mixed impact on stock prices. While it can signal cost-cutting and efficiency improvements, it can also indicate underlying issues within the company. The focus on voluntary leave and re-skilling may mitigate negative perceptions, suggesting SAP is managing the process responsibly. However, the market may still react cautiously in the short term until more details are revealed or positive outcomes are observed.
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