SAP wants workers to create new AI-powered jobs, slashes travel and expenses budgets to up AI spend

• SAP is cutting travel spend on refocusing on AI-related hiring
• Company shares are down 46% in 12 months over software concerns
• Redeploying existing workers is a priority over laying off more employees

SAP is reportedly revising how it spends money to free up more money for its AI strategy, with a new internal memo seen by Bloomberg seemingly confirming the company's intentions to restrict new hiring, pause internal travel and reduce other spend related to suppliers.

It's believed the company will still continue hiring across certain AI roles, showing a shift toward AI engineers, researchers and other specialists, but other roles will likely see a slowdown or pause.

The company told employees that AI is reshaping enterprise software, so targeting investment to keep it competitive long-term would be crucial.

SAP redirects internal spend to focus on AI

According to the report, citing an internal email, company travel unrelated to AI...

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