German Software Giant SAP’s Restructuring Will Affect 4,400 Jobs
Global software provider has been expanding cloud-computing business as growth in its core software division has slowed
WALLDORF, Germany—Business-software maker SAP SE said Tuesday it will restructure at a cost of nearly $1 billion as it continues to shift toward cloud-based computing.
Chief Executive William McDermott said roughly 4,400 employees are likely to be affected, though the company expects its current workforce of about 96,500 to grow by the end of 2019.
“We...