SAP culls 3,000 jobs – and its results weren't even that bad

SAP is targeting business units including its CRM and industry portfolio with 3,000 job cuts – despite full year 2022 revenue of €30.9 billion, up 11 percent. Operating profit was more or less unchanged at €4.672 billion for the twelve months while calendar Q4 revenue reached €8.436 billion, up 6 percent from the same quarter …

[Yet Another Anonymous coward]

See we're also a cool silicon Valley software company

We're doing layoffs and we have a yacht like Oracle

[Potemkine!]

By anticipating a crisis those companies are creating one for sure.

A company firing people when making a lot of profit should be overtaxed. It would give them an incentive to be a little bit more respectful of their wage slaves.

[AceGrace]

It reads like

"Other tech companies are laying people off, so we should too"

[wdh]

SAP is restructuring their CRM organization. Oracle seems to do something similar and SalesForce is laying off 13K of their staff. What’s going on in the CRM business?

Are customers moving away from their customer-centric (improving customer experience) strategy? Are they returning to a more traditional product-centric and cost-reduction strategy where they optimize their supply chain management, procurement and other ERP processes?

Just raising the questions.