SAP has become the latest tech giant to announce job cuts.
An enterprise software company plans to cut its workforce by 2.5%, or about 3,000 jobs. He could also sell Qautrics, the business software company he acquired for $8 billion, in late 2018. SAP CEO Christian Klein called the layoffs “a very targeted restructuring.” According to CNBC.
A number of well-known technology companies announced mass layoffs IBM, Google, Meta, Twitter, Salesforce, and others, like SAP over the past few months, blamed the need for restructuring as the reason for the cuts. Other big companies have largely anchored their respective decisions to cut employees, fearing a looming recession and slump in consumer and business spending. (according to New data from Cledara, some companies slashed their software spending in December. )
“Over the past two years we have seen a period of dramatic growth. Hired,” Google CEO Sundar Pichai wrote in an email to employees after announcing the layoffs.
Despite current cuts, all of these companies’ strategies will require new hires in the years to come. You can only do so if you have the technical expertise to develop new and exciting products. Similarly, Google, Meta, and other consumer technology companies will need to spend billions of dollars on human resources to maintain their market share (and expand into new territories such as the “metaverse”).
Please note that certification may be required if you are considering a job at a company that utilizes SAP products as part of their overall technical stack. What SAP offers 100+ official certifications, the certification process, or even where to start can be particularly daunting.Fortunately, online tutorials and documentation help you get what you need.