Trending: SAP Cuts Jobs After Profit Drop
26 Gennaio 2023 - 4:37PM
Dow Jones News
1507 GMT - SAP is the most mentioned company across news items
over the past 12 hours, according to Factiva data, after it said it
would cut almost 3,000 jobs as it seeks to strengthen its core
cloud business at a time when customers are being more cautious
with their spending. The German software company said it would book
most of EUR250 million-EUR300 million in restructuring costs in the
current quarter. The company also said it is exploring a sale of
its stake in Qualtrics International Inc. to focus more on its own
cloud growth and profitability. Dow Jones & Co. owns Factiva.
(cecilia.butini@wsj.com)
(END) Dow Jones Newswires
January 26, 2023 10:22 ET (15:22 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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