Thread regarding SAP layoffs

@2h9+1jr0wzhkv
Stock price up 10% today......you must be having a bad day
Hahahaha

SAP has had four stock splits:
*a 5:1 split on August 8, 1994
*a 10:1 split on July 31, 1995
*a 3:1 split on June 25, 2000
*4:1 split on December 20, 2006

This is easily verifiable info. Why are you arguing over something so petty, especially when you're clearly in the wrong and everyone can see it? Unfortunately, I have bad news for you - stupid can't be fixed.

Just cherry picking information to make our posts look good?    OK,  then precisely at what exact time on September 22 did the stock hit    was it 10:32AM or  10:57AM??

Was that your post CK???    Oohh yea   !!  ... that was you  -  trying to make things look good before the shareholders meeting next week.... !!!

BTW, "Stock has split several times since then" - REALLY ???? Fact is that SAP stock symbol: SAP underwent one stock split in its history. The stock split occurred on July 28th, 1998

You shouldn't waste people time w/post when you don't have a clue what you are talking about. Adios.

@2d2+1jr0wzhkv You have No clue. The stock was split several times since then.

No, No, and more No...... Why compare to 2022???

Oohhh yea.... let's compare to when SAP was first publicly traded on November 4, 1988, on the German Stock Exchange. The first quote was 753.06 DM (385.03 €).

Now we can talk about "really" healthy increase!!! Oohhh yea!!! Things could not be better!!!

Compare to 2022 when it was 81 Euros... Let's get real and compare it to 1995 when it was 12 per share - that was a 20 X increase... oohh yeah !!! seems like a "really" healthy increase to me !!! why should anybody be complaining???

Oohh...it's 10%, no it's 9.1% ....uh, no it's 8.102018301%

What about comparing it with September 2022 when it was 81 euro
Compared to 217 euro now....seems like a healthy increase to me

Actually, to be even more precise, $271 >> $241, is 0.88929, so we could round it to 9% -:), which gets us 1% to 10%.

I think the point the author was making was less about % calculations and really about the significant drop off in stock price, with no end in sight, just ahead of these two upcoming meetings- which does not bode well for us.

Looks like the author was right on since the stock has continued to fall from post date

271 to 249 is 8%
But it is now sitting at 240, so that would be a more than 10% drop

This should put an end to all of the DEI rubbish once and for all

SAP will plan to fulfill it's internal requirements by third part, outsourcing or acquisition.

Sadly, the days when SAP was the preeminent Enterprise supplier world wide and we could afford to hire the best in the business has now evolved into a game of chasing everyone else to see who can get to the bottom first. Low margins equal low employee satisfaction.

So, we already see or will see, organizations like Marketing, certain Finance functions already being reshuffled and soon orgs like Development and Sales will be trimmed. Development will go to Service companies who are brought in one project at a time and then released. Sales will become Automated/AI driven where customers will brose product portfolios and interact with them on line without f2f sales.

But for those of use who spent a good deal of time when we were top of the mountain in the ERP world, what a great time it was !!!

When an amateur CEO runs your company, you are going to get amateur actions, soon the lawsuits will follow and I am sure someone will sabotage him and out he will go. He is no Bill McDermott, meanwhile he will destroy and undermine the quality of product and strategy. Clients will complain bloody he-l$$$.

We are living in an unprecedented time. Very soon, we will be witnessing something no man has seen in the entire history. Please prepare your household so you can escape from it.

There are meetings taking place right now telling developers to seek other jobs because SAP is going to reduce headcount and increase third party budgets. A lot of this work will go to countries besides Germany and the US. If you seriously care about it, the first step would be to have your Works Council representatives STOP Signavio and other units from keeping non-technical development managers (called People Leads) and instead stand up for keeping the developers.

Given the state of global economies and now higher than previously thought  probability  of a recession this year,  layoffs for SAP and many other companies are inevitable. The only question will be where and how many the Board will decide to let go.

But I sit here wondering how great it is for some.      While I got a 2% raise this year, had my RSUs taken away, the WFH we were promised also eliminated and the constant  apprehension  of making any significant purchases since I  don't even know if I will have a job in 2 months - it's great to see life for our Board Members could not be better. As quoted all over financial sites :    "SAP's CEO Christian Klein received €19 million in 2024, a 165% increase from the prior year"    

Like they say,  "great work if you can get it"  !!!

Another post regarding Signavio layoffs already mentioned that they’re asking product owners and developers to find other jobs do they can move to a supplier based development model. Imagine keeping 50 non-technical DEI warrior people leads as development managers only to let go of 50 actual developers to „save costs“. It‘s a shame that the works council isn’t moving these people leads to HR where they belong.

Imagine CK getting the ax because of this recession. Let’s see who of his buddies will save him.

Take care folks - I moved on with my stocks and buying AI stocks

Let me see......Stock on 4/2 was $271. Stock on 4/4 closed at $249. Drop of $22 per share.

sure looks like 10% drop to me. Yeah, I guess some people can't do the math.... -:) -:)...

CK was that your post???

It is relevant and important given the timing of the Q1 results presentation and Shareholder meeting - perhaps at some other time of the year, a significant drop in stock price could be overlooked, but given the timing, it cannot now be overlooked.

Should the stock continue to drop off over the next 5-6 weeks, CK will have no options other than to slash costs ( like payroll costs). He must do this so as to show the shareholders ( especially the major ones) that he is taking control of the situation and attempting to curb the decline - the shareholders would expect him to do this.

But if 6 months from now, the global economy slips into a WW recession, then doesn't really matter what CK does, the handwriting will be on the wall for all of us - and it won't be good, at all.

I guess people cannot do the math, stock is not down 10%, another sh-t post.

The only thing the US Trump maladministration knows about “CK” is that it is the last two letters in “__cl<“ which they are now doing to both the US and global economy.

I heard the U.S. Government heard CK's pleas personally, and is now going to reverse all tariffs. Thank you CK!

Say what you want about any political leaders (regardless of country or party), NONE of them are listening to what CK has to say.