European software giant SAP SE plans to lay off up to 3,000 workers as part of a restructuring program, the company announced Thursday
SAP SAP disclosed alongside its fourth-quarter earnings that it intended to begin a “targeted restructuring program in selected areas of the company” that would affect about 2.5% of its employee base.SAP SAP disclosed alongside its fourth-quarter earnings that it intended to begin a “targeted restructuring program in selected areas of the company” that would affect about 2.5% of its employee base.
Qualtrics CEO Zig Serafin told MarketWatch in a statement that the move would be a “win-win situation.” Despite the mixed results, SAP had “strength where it matters most,” Moerdler wrote in a note to clients. He rates the stock at outperform.
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