SAP Cuts 2020 Sales Outlook Citing Covid-19 Impact on Demand
11 replies (most recent on top)
Jobs moving overseas
There is a task in our organization to move US jobs to India. A few of our people are losing their jobs in January. Anyone else hearing the same?
Millennials should be fine with the upcoming restructuring to save SAP. They are cheap and offer new innovation.
The Good Ole Boys club should be worried if they don’t hit their numbers in Q4. SAP cannot sustain those huge salaries and bonuses for the non performing leaders who have rested on their laurels and become complacent.
Serious slaughter coming in 2021 Q1.
any upcoming layoffs? should we be concerned
Bill McDermott saw the writing on the wall and bailed out just in time.
Anyone care to address the exodus of experienced talent?
Hasso bought all the stock. Correction.
Struggling? Cloud revenue is up and if you omit Concur it’s up 20%! Cash flow is off the chart positive. SAP was always moving to cloud, now they just accelerate it. CK is a tech guy and investments will come, no doubt. Elliott exited SAP in Q1 2020 and Agassi just bought all sorts of stock - they’re moving things back in-house which is a good move. SAP will be fine. Stock
Market figuring out SAP cloud is years behind competition and unlikely to catch up. SAP customers are moving to cloud....just not SAP cloud
Time to add SAP in the league of struggling giants (IBM, Cisco), company is no longer growing.