What do you predict?
Especially considering everything that has happened lately.
Are layoffs coming or not?
As most of us are already aware, SAP is currently buying back EUR 500M in Stock thru to Dec 31, 2022. This comes behind a buyback of about EUR 1 Billion in the first half of 2022 and the repurchase of about EUR1.5 billion in 2020. That's a... — read more
Seems a RIF has started in August 2022. So far North America CS COO teams. More to come? What teams are being impacted and how many?
3 years since I was laid off in the 2019 restructuring. Since then SAP's Market Cap and Stock Price has lost about 30% of its value. My salary has increased 50%. I have outperformed SAP by 80%.
SAP has made more than 70 acquisitions. How much have these contributed to shareholder value and share price? Litmus was sold today - how much was recovered from the $2.5B Callidus purchase? Can the company return to growth without aggressively... — read more
https://finance.yahoo.com/news/salesforce-shuts-hong-kong-office-175759369.html A serious move by one of our main competitors, Salesforce. SAP should also consider shutting down offices in countries who do not share values ( whether they be... — read more
One school of thought is that SAP will have minor layoffs in Q3, especially if the performance results do not look good. The hope would be that there is some improvement in Q3 - good enough to buy some time to turn profitable by Q4. If it turns... — read more
Does anyone know why DJ Paoni really left SAP? The note about his leaving said he was "retiring" from SAP. I guess anything is possible, but he is 49 or 50 years old and he is retiring? Maybe so? I guess we will find out soon enough. If he... — read more
What to expect?
https://finance.yahoo.com/video/oracle-reportedly-plans-lay-off-193212079.html FYI. All over the web, I see the news today that Oracle has begun what is reported to be a layoff in the thousands, the majority of which will be in the US. The... — read more
As has been said on other posts, especially after the Q2 results which were clearly designed to emphasize the revenue numbers and ignore the continuing decline on Profitability. I can understand this as the company is attempting to balance the... — read more
Revenue is not what the investment community is looking for - They want to see Profit, which SAP did not fare well and fell below YOY performance on Profit Operating Profit has been a perpetual problem for the company to properly address and... — read more
Whos on the chopping block? Read something about acquired product Litmos, anyone else?
SAP Announces Q2 and Half-Year 2022 Results Cloud revenue up 34% and up 24% at constant currencies to become the largest revenue stream Current cloud backlog exceeds €10 billion, up 34% and up 25% at constant currencies SAP S/4HANA... — read more
Early release of SAP's Q2 results show that Operating Profit Forecast is expected to report a drop from 1.92B last year to 1.74 B this year. While total revenue is expected to post higher, this ongoing problem of Operating Profit falling behind... — read more
Has anyone else heard rumor that Jim Snabe will replace Hasso as Chairman? Hasso just renewed, for the last time, his term for another two years and Jim signed on last year for another 4 year term at Siemens which means then both terms will more or... — read more
SAP are starting to use Coveo for support and ramped up large number of new 3rd party contractors. After years of month on month improvement in metrics across the board in our support org the team of hundreds were told during all hands meeting they... — read more
I don’t think I’ve ever, in my many years of work here, been more anxious. Don't we deserve at least a little more transparency from our management, which, if nothing else, would help reduce some of this anxiety?
I’m hearing that business cases are being prepared around an 85% utilization cutoff. Last Friday my MU GM published everyone’s utilization actual sat the bottom of a very benign email published weekly…”Look hey what’s that sound?… everybody knows... — read more
There's a rumor going on that there were layoffs in the last day or two. I haven't heard anything but it's a big company and with our management never too willing to share crucial information, I know I could have missed it. Can somebody please... — read more
I saw some other threads on this platform about the instability of our Board Members and I wanted to broaden this thread under the spirit of one of our corporate values to "Tell it Like It Is". Turmoil can be a critical derailer in establishing... — read more
Is there anything in the rumor that CEO is to be removed/leaving, due to move to cloud issues, handling of the Russia situation..? Anybody any insights into this or the disruption that would ensue.
Do not worry, even though Luka will be departing, we have many, many, more CFO's throughout the organization to keep the title ever present. Seems that any team who wants to find a place for a jolly friend, creates a new spot called "the CFO of... — read more
Most likely Luka's departure has to do with Stock performance ( this is usually where the ax falls when it comes to financial performance). Even though Cloud revenues have risen from 1B to 9B during Luka's tenure as CFO, the stock has not reflected ... — read more
I am in the Finance Board area and have been here for quite a few years, but not as long as Luka. He has been here a long time and was here when Werner was CFO and so we have enjoyed some stability. But without a good reason for his departure (... — read more
Mucic accepted to run until 2026 but now he is jumping off He was the one leading the investor calls since McDermott, he was committed to the cause. Anyone knows what happened?
I don't want to quit, I want to pick up severance and then take a few months to relax before I start looking for something new. There is too much pressure and stress here and just jumping to another company without taking some time to recharge my... — read more
In recent years, former IBM employees have accused the company of age discrimination in a variety of legal filings and press accounts, arguing that IBM sought to replace thousands of older workers with younger ones to keep pace with corporate... — read more
It's all about the almighty dollar now, sc--w the employees!
Right from the start I felt that I was underpaid, given the amount of work I do. However, I was quite surprised to find out how much more the person I replaced here was paid. I wish I hadn't found that out, maybe I would feel better. It's not fair... — read more
I've spent +10 years at SAP, I know, its not glamorous, but I can't understand why I can't seem to land a new gig. I've led marketing teams, major strategic initiatives, and even spent several years working in the leadership team of our new products... — read more
How is SAP concur looking for the new year? Some colleagues are losing work to other teams (some of those teams in other states and countries). Are there any rumors of layoffs? We’ve certainly seen a lot of great technical people leave (ICs and... — read more
SAP went on a hiring spree this year, especially when it comes to consultants, and I think we might be seeing the ramifications of that as soon as the first quarter of 2022. Whenever there was a mass hiring event it was followed by mass layoffs to... — read more
If the economy turns around, do you anticipate any SAP layoffs? Any chatter, news or rumors?
Seriously… just when we thought… this came out in the news https://www.bloomberg.com/news/articles/2021-10-01/sap-accused-of-lack-of-diversity-in-singapore-high-court (Bloomberg) -- A former manager at SAP SE’s Singapore office has sued the... — read more