SAP job cuts increase to 10,000 workers in July 2024 AI overhaul
What’s happening at SAP?
In January, Germany-based software development company SAP announced a company-wide restructuring plan that was expected to affect 8,000 employees globally. However, SAP now says that restructuring will result in 9,000 to 10,000 job cuts.
Official statements and context
- SAP says the majority of the 9,000 to 10,000 job cuts will be carried out through voluntary leave programs and internal re-skilling initiatives.
- The newly expanded restructuring plan will boost profits by around €200 million in 2025.
- The announcement comes after SAP shares surged this past Tuesday, increasing by 6% in Frankfurt and 4% in New York.
- Deutsche Bank analyst Johannes Schaller stated, “We believe SAP is still in the early innings of its ‘harvest phase’ following ~3 years of substantial investments,”
Layoffs in Canada
It remains unclear exactly how many SAP Canada employees in Canada will lose their job as a result of this layoff.
If you’re a non-unionized employee, check out our SAP Canada Layoffs guide.
You can also use our free Pocket Employment Lawyer tool for real-time insights.
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Lost Your Job? Get Help Now
📞 Contact Samfiru Tumarkin LLP: 1-855-821-5900 or request a consultation online.
Our experienced employment lawyers in Ontario, Alberta, and British Columbia (BC) have helped tens of thousands of non-unionized individuals resolve their workplace issues, including wrongful dismissals.
If you’ve lost your job at SAP Canada for any reason, don’t panic. We can review your situation, assess your legal options, and help you secure the compensation you’re legally entitled to.
Contact your union immediately. By law, employment lawyers can’t represent unionized employees.
About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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