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SAP reacts to AI trend by restructuring 8,000 jobs (CNN)

25 January 2024

Software firm SAP is restructuring 8,000 jobs as it puts a focus on artificial intelligence, CNN reported. “The decision was necessary ‘to prepare the company for highly scalable future revenue growth,’ the German firm said in a statement,” according to CNN. The software giant has 108,000 workers. SAP is the 7th largest software firm globally by market capitalization and counts vendor management system Fieldglass SAP and human capital management platform SuccessFactors among its software products.