SAP Debuts New AI Offerings For Supply Chains
Enterprise application software company SAP has introduced artificial intelligence (AI) advances for its supply chain solutions. According to a Monday (April 22) news release, SAP said these AI-dri...
SAP Stock Gains 59% in a Year: Will the Rally Continue?
SAP's performance is driven by continued strength in its cloud business. However, global macroeconomic weakness and tough competition in the cloud space remain concerning.
SAP Adds Composable Payment Solution to Commerce Cloud
SAP has launched a composable payment solution designed to help retailers add new payment options. The company's new open payment framework integrates SAP Commerce Cloud with several third-party pa...
SAP board chair designate to resign, Ala-Pietila nominated as successor
German software company SAP has nominated Finnish businessman Pekka Ala-Pietila to stand for election as chair of its supervisory board after current chair designate Punit Renjen decided to resign,...
Tesla falls after report of SAP snub, Piper Sandler price target cut
Shares of Tesla fell nearly 6% on Monday after a report said German software firm SAP will no longer procure electric cars from the U.S. automaker, and Piper Sandler cut its stock price target on l...
SAP removes Tesla from list of company car suppliers -Handelsblatt
German software company SAP will no longer source its company cars from Tesla due to unpunctual deliveries and price fluctuations, daily Handelsblatt reported on Monday.
SAP to stop using Tesla for company fleet, report says
German software company SAP, which has a fleet of 29,000, will stop using Tesla TSLA, -3.45%, according to a report from German business daily Handelsblatt, quoting the company's fleet manager. Tes...
SAP to restructure 8,000 jobs in push towards AI, shares hit record
SAP has unveiled plans for a company-wide restructuring, saying about 8,000 positions would be affected. It is also boosting its AI efforts.
SAP Launches Restructuring Program to Capture ‘AI-Driven Efficiencies'
SAP is launching a restructuring program aimed at incorporating more artificial intelligence (AI) into its operations. This program will impact 8,000 employees who will either be retrained or leav...
SAP announces AI-focused restructuring impacting 8,000 jobs
SAP's US-listed shares gained more than 7% on Wednesday morning after the German-headquartered software company unveiled a restructuring plan that would impact 8,000 jobs along with the release of ...
SAP announces restructuring, affecting 8K workers in AI push
German software company SAP SE (SAP) announces a restructuring plan that will ultimately impact up to 8,000 workers' jobs as the developer pivots to artificial intelligence. SAP's stock moves highe...
SAP Layoffs 2024: What to Know About the Latest SAP Job Cuts
SAP (NYSE:SAP) layoffs are coming for a massive number of employees as the German software company plans to switch focus to artificial intelligence (AI). This will see some 8,000 workers affected b...
Rise of AI sparks big changes at SAP affecting about 8,000 jobs
SAP has announced a restructuring plan that will affect 8,000 employees. The shakeup comes amid a new focus on AI aimed at cutting costs and boosting profits.
SAP's Q4 Earnings and Revenues Rise Y/Y on Cloud Strength
SAP's fourth-quarter performance benefits from continued strength in its cloud business and momentum in its Business Technology Platform.
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