"What major shift is the software giant SAP making that will affect 8,000 of its employees?" German software company SAP has announced plans to restructure, affecting about 8,000 employees or over 7% of its workforce. The company aims to maintain the same headcount by the end of 2024, implying plans to hire new staff as it shifts focus to the development of artificial intelligence (AI) tools. The move comes as part of SAP's strategy to reposition itself for faster growth, particularly in AI, after a 5% year-over-year increase in revenue in Q4. CEO Christian Klein stated that the company plans to invest over a billion euros in AI over the next two years. Do you think AI will take over major Jobs in IT Industry by end of 2024?
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