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SAP to cut up to 3,000 jobs worldwide, mulls Qualtrics sale


BERLIN (AP) — Germany-based software company SAP says it’s cutting up to 3,000 jobs worldwide, or about 2.5% of its workforce. The announcement on Thursday came as the company reported a sharp drop in profits and amid a broader wave of technology industry job cuts. Google, Amazon, Microsoft and other tech giants announced mass layoffs in recent weeks. SAP said its full-year profits fell 68% in 2022 compared to the previous year, to 1.71 billion euros. The company says it’s also exploring the sale of business software provider Qualtrics four years after it purchased the company.

Article Topic Follows: AP National Business

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