What is the latest news on layoffs, how many and when
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Imagine unironically arguing that executives are the most important people in the company. Most of them are delusional do-nothings who only excel at trend-following and running their mouths.
It's incredible how brainwashed the working class is. When will you all wake up and realize that the upper class is actively stealing from you? You are not going to be saved from the destruction of the middle class by licking their boots. Cowards and traitors.
@q3 you should have taken the April 2024 VERP
@q3 because they will do layoffs instead and that will save more money which will then be used to pump executive bonuses. Executives don't want the good employees to go. SAP still needs manpower. They are simply doing this because in the short term, they make a lot of money for themselves. CK is gone in a couple of years so he is trying to get as much money as possible before he goes. No one can stop him. The supervisory board is filled with his supporters. Other executives support him wholeheartedly. And normal employees have no power.
Why is sap not giving 1 month for every year of experience during layoff ?
@pz But why? Is it HR trying to derail meaningful discussions about what to do with or against layoffs? Nothing else makes sense…
@p0 fully agree, not one single post with a meaningful discussion, all get immediately sprayed with nonsense by probably the same 1-2 tr_lls.
@p0 that is because executives want to keep their jobs and make more money. If employees are fighting amongst themselves and blame each other for their measly salary increments, no one is paying attention to the millions that are being pumped into executive bonuses in each LoB. It is working. In my LoB, everyone loves the executives and hates each other now. They feel that their colleague who will make an extra €25 a month is the problem and not the executive who will get an extra €2500 a month equivalent as a yearly bonus. I think the executive board and HR wants to get rid of these useless executives and middle managers who do not work. But executives and L1 and L2 make the layoff decisions in each LoB so they won't go against their own and instead lay off the poor chap who has been holding our software together and gets paid peanuts. People need to focus on the real problem here. Most executives get paid a lot but do not add any value to SAP. Any many of them have made blunders or bad decisions that have costed SAP millions of Euro over the years. In any other tech company, they would be fired. And at SAP, they are considered God.
@p0 Do you have an alternative forum in mind? Could you provide a link?
This layoffs site has gotten c r a p in the last 1 year! Relevant ideas and comments are down voted and r a c i s t comments are liked. Time to move to Blind or some other place on reddit.
The customers are broke, the workers are broke, and the executives are getting richer!!!
@hz because behind closed doors, executives talk about getting rid of migrants and trans people and a majority of SAP employees support that. That is why such executives have untold power and so much support even if they are destroying the company and will eventually lay off the same people that are supporting them.
@ha I don't understand why you are being downvoted in this community for suggesting something that will actually hold executives responsible for their decisions and force them to look at opportunities besides using layoffs to inflate the share price. It's a shame that so many SAP employees support against their rights just because they are CK fanboys and fangirls.
@ha No. Executives are the most important function at SAP. They make the big decisions and have kept the company afloat while employees slack off and leech money from company profits. Executives are not getting paid enough. If you pay them more, the money will trickle down to employees and employees will have more job stability and better salary increments. Yours is a very nuanced take that will only stifle innovation at SAP. I bet you are an Indian migrant at SAP and should be laid off without severance or given a very bad performance rating. If HR finds out who you are, we will destroy you for saying this.
@fg Orgs that do this level of layoffs should be subjected to certain rules. Like no stock buybacks for 5 years after a mass layoff, no C-Suite bonuses for 3 years, and golden parachute clauses in contracts get voided. Then maybe companies would think more about these actions.
If we had this at SAP, we would see less layoffs and more focus on innovation and better utilization of existing employees. But executives make far more money when they lay off employees and when they artificially prop up the share price using buybacks.
@f8 With MSFT offering packages to 60k, SAP's 20k will seem like chump change. Sounds like a reasonable plan.
Other threads are saying~20k people. This sounds reasonable
The stock price develops very, very nicely. Therefore there is no need for layoffs. In fact, laying off people now would be a sign of weakness that the board will not want to send to the markets.
I think right now we are safe.
Why should there be layoffs?
There is no layoffs . Just focus and close Q4 strong
Chuck knows, but he doesn’t tell us.