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SAP Restricts Hiring, Travel to Fund ‘Significant’ AI Push

SAP Restricts Hiring, Travel to Fund ‘Significant’ AI Push
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SAP Restricts Hiring, Travel to Fund ‘Significant’ AI Push SAP SE said it will cut back hiring and travel to save costs as Europe’s largest software company devotes more resources to developing artificial intelligence technologies and fending off new competitors. Going forward, SAP will “exclusively focus new hiring on selected profiles only, mainly core Al roles, that are critical for our long-term success,” the executive board said in an email to staff on Wednesday evening that Bloomberg...

SAP Restricts Hiring, Travel to Fund ‘Significant’ AI Push SAP SE said it will cut back hiring and travel to save costs as Europe’s largest software company devotes more resources to developing artificial intelligence technologies and fending off new competitors. Going forward, SAP will “exclusively focus new hiring on selected profiles only, mainly core Al roles, that are critical for our long-term success,” the executive board said in an email to staff on Wednesday evening that Bloomberg reviewed. Travel for internal events unrelated to AI development will be paused, and the company will look for ways to cut spending with suppliers.
SAP Restricts Hiring (ORG) Travel to Fund ‘Significant’ AI (ORG) Travel to Fund ‘ (ORG) Europe (LOCATION) SAP (ORG) Bloomberg (PERSON)
Originally published by Bloomberg Technology Read original →