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SAP Weekend Headlines; Not A Spread Mover

TECHNOLOGY


  • Handelsblatt reported over the weekend about an internal SAP email addressing planned job cuts. Not much new info that we can see beyond what was announced in January - 2600 of the ~8000 planned cuts to come in Germany with the process to be included by Q125.
  • This follows from another Handelsblatt article indicating that SAP is still mulling a complete withdrawal from Russia though they have already ceased new sales and have been considering an end to technical updates/support and cloud services for quite a period now.

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