2008 all over again, I was at Sap America back then
Layoffs at new town square office
Their press release says they will be offering “early retirement” to some of their employees. If that’s an euphemism for layoffs, it’s the worst one ever.
It was inevitable. I see soo many engineers just drifting. Doing nothing productive except fancy spreadsheets, attend meetings etc. They don't have enthusiasm to learn anything new or take initiative. Better let them go and instead pay more to deserving engineers.
Any idea when the downsizing will start?
No idea. It will be in Q1 itself. That's for sure
Looks like they are moving most of their software development to India. SAP is in cost-cutting mode.
Oh no...according to their CFO this is about transformation and new skills required. Lol. Bs.
Source?