SAP snaps wallet shut for travel and hiring so it can keep shoveling cash into AI
AI AND ML
Enterprise software giant confirms it's 'applying discipline' when it comes to hiring and business trips as tries to keep pace
SAP is cutting hiring and business travel to boost its investment in AI amid intensifying competition in the enterprise application market.
According to an internal email, SAP is set to "exclusively focus new hiring on selected profiles only, mainly core AI roles, that are critical for our long-term success."
The missive, seen by Bloomberg, said travel unrelated to AI development would also be put on hold. The German software giant will also seek to cut spending with suppliers.
In a statement, an SAP spokesperson told The Register: "SAP continually reviews its investments to ensure resources are focused on the areas that will drive long-term customer value and innovation. As part of this approach, we are prioritizing investments in AI-related capabilities, talent, and technologies while applying greater...
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