Tag: layoffs

Global Cloud

SAP plans layoffs and selloff with cloud revenue up but profit down

January 26, 2023

Via: CIO

SAP’s revenue rose 11% in 2022 with the cloud component of that climbing 33%, but net income dropped 68%, prompting restructuring and layoffs in its CRM activities. The company is also exploring selling its majority stake in Qualtrics, the experience […]