SAP Announces Major Restructuring Plan to Focus on AI Growth

On January 23, 2024, Germany-based enterprise software giant SAP SE revealed plans to restructure up to 8,000 roles as part of a broader initiative to emphasize growth in artificial intelligence (AI)-driven business areas. The restructuring will primarily be carried out through voluntary leave programs and internal re-skilling measures, with the aim of maintaining the overall headcount at the current level of approximately 108,000 full-time employees. The company’s decision to reposition itself for accelerated growth, particularly in AI, was met with positive investor response, leading to a more than 5% increase in its stock during extended trading.
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