Thread regarding SAP layoffs

Q2 operating profit down 21%

Make sure your CV is up to date

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Post ID: @OP+10665grF

13 replies (most recent on top)

I've I add "I love poppadoms" to my cv - will I still be laid off?

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Post ID: @Fzka+10665grF

I truly hope that we can regain the customer’s trust (prior post). Without your success we have no purpose. You are right to hold use accountable and make us better.

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Post ID: @mpst+10665grF

If you are over 30 don’t even think of applying to SAP.

If you are under 40, your days are numbered.

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Post ID: @9gex+10665grF

Teradata will have a hard time suing SAP since a lot of the HANA team including head of R&D, Head of Cloud are gone

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Post ID: @5jia+10665grF

There is an term for such high value investments that do not have earnings to justify their value. They are called ‘white elephants’.

This will continue to be a challenge if SAP Management KPIs continue to be set and rewarded according to the easily manipulated non-IFRS results.

A case in point, operating profit DROPPED by EUR 1.3B in 1H19 by IFRS standards compared to 1H18 but it is reported as + EUR 0.4B by non IFRS standards.

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Post ID: @5kca+10665grF

https://finance.yahoo.com/news/sap-says-big-margin-gains-081739072.html?socsrc=community&soctrk=wa

SAP says big margin gains will happen in 2020.
I am not sure whether to believe this anymore. This is a promise that has been constantly pushed into the future for optimism in the last 10 years.

Maybe it will happen when SAP only has interns left and solutions are sold through digital marketing.

On top of that, SAP has a habit of buying the second best instead of the best in each class, and the investments only convert to goodwill on the ever growing intangible asset portion of the balance sheet.

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Post ID: @5tvc+10665grF

wow! For first half of the financial year, IFRS revenue went up by EUR 1.4B but IFRS profit went down by EUR 1.3B.

What on earth is happening?

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Post ID: @5jpx+10665grF

And the sad part is management will wonder why nobody shows up for these celebrations anymore, eventually blaming the employees and stopping the celebrations all together. Maybe thats what they want?

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Post ID: @4ecv+10665grF

Sign of the times and the extravagant parties are over! SAP NA Headquarters in Newtown Square had their annual picnic yesterday in 100 degree heat. Looks like Bill and Jen are trying to cut down on their excessive spending as the only offerings this year were hot dogs, hamburgers and fries. The past offered so many different food options from every culture. It was very impressive and employees were allowed to bring guests.

The beer and wine choices were limited compared to the micro brews and craft beer offerings of the past. I hope everyone had enough sense to drink plenty of water in that heat especially if consuming alcohol in the heat. They still spent a fortune on the fireworks show that never disappoints. Their Christmas party was also always over the top 1st class so I assume they will be cutting back. I enjoyed a few of those parties when I worked there but never saw anything like it in my career. Often wondered how much $$$ was blown on the Christmas party alone.

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Post ID: @3rop+10665grF

SAP seems to be making all the same mistakes IBM did. Abandoning their core competencies for the latest and greatest buzzwords. As a SAP customer - we see the significant decline in support and tremendous pressure to use paid services for what used to be regular support. It's a downward spiral that I don't think SAP can recover from.

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Post ID: @2kcw+10665grF

Looks like they laid off the wrong people.

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Post ID: @1jgg+10665grF

My thoughts exactely

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Post ID: @via+10665grF

Worse - profitability is still stuck at 27% as it is now for years while McDermott repeats and over repeats his promise that the holy cloud will lead to raising margins next quarter at latest.
Lets see when Elliott will raise demands on Bill to finally fulfill on his eternal promise.

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Post ID: @jdq+10665grF

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