SAP, the largest software maker in Europe, is announcing job cuts to 3% of its 75,000 strong workforce.
The job cuts are expected to be administered worldwide and will account for around 2,200 positions. The move comes as the company looks to focus growth in areas such as its cloud business.
According to SAP‘s chief of human resources, Stefan Ries: "It’s not about cost savings but rather being fit for the future."
Despite the announcement of job cuts, SAP have said that they expect to create as many new jobs due to growth in cloud and other areas of the business.
Ries, said: "In principle this is a continuation of the (company’s response to) changes in market circumstances."
The job cuts see SAP looking to strengthen in other areas where they see both the future of the company and in order to fend off competition from the likes of Salesforce.
