SAP cuts 8,000 jobs in January 2024 as part of AI push, restructuring
SAP plans to execute a company-wide restructuring this year — affecting approximately 8,000 jobs.
What’s happening at SAP?
In a recent news release, the software firm said it intends to “transform its operational setup to capture organizational synergies, AI-driven efficiencies, and to prepare the company for highly scalable future revenue growth.”
Around US$2.2 billion will be used to retrain employees with AI skills, or replace staff through “voluntary leave programs.”
While SAP didn’t speculate on how many workers could be let go, the company expects to “exit 2024 at a headcount similar to current levels.”
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SAP Cuts in Canada
It remains unclear if any Canadian employees will be laid off as part of SAP’s “transformation program.”
According to the company’s LinkedIn page, it has more than 3,300 workers in the country.
Should I accept a voluntary severance package?
Non-unionized employees at SAP Canada shouldn’t accept a voluntary severance package before speaking with an experienced employment lawyer at Samfiru Tumarkin LLP.
In some cases, individuals could be owed far more compensation if they are fired by the company, or let go involuntarily.
ADDITIONAL RESOURCES
• Should I negotiate my own severance package in Ontario?
• Should Albertans negotiate their own severance packages?
• Negotiating severance in B.C.: What employees need to know
According to the company’s LinkedIn page, it has more than 620 workers in the country.
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.
📺 WATCH: Everything You Need to Know About Mass Terminations
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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