SAP has announced that 3,000 employees have exited as part of its restructuring efforts, although the company may further assess potential job impacts due to new US tariffs causing global economic instability. In the first quarter, SAP reported an 8% revenue increase, reaching €9.01 billion, while operating profit surged significantly. CFO Dominik Asam mentioned the aim to maintain flexibility in workforce management amidst uncertain economic conditions. SAP plans to invest in AI and data technologies, despite the unpredictable market landscape. CEO Christian Klein noted that tariffs might inadvertently benefit the company, indicating confidence in their overall pipeline.
We've seen about 3,000 people leave. We've rehired some people, but currently, we are probably looking for a back-end loading to see how the situation on the trade dispute will evolve.
We will make sure that we balance the kind of near-term pressure versus the mid-to-long-term needs to be futureproof. But for the time being... we have to watch what's happening.
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