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Software giant SAP to cut 3,000 jobs amid profit slump

Content Team
Image Credit: SAP

German software giant SAP has joined the ranks of tech companies to lay off employees this year. The firm announced that it plans to axe 3,000 staffers or about 2.5% of its global workforce. The Walldorf-based group suffered a steep drop in profit in the last quarter of 2022. The company has also decided to explore selling its stakes in Qualtrics.

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