SAP, a multinational software corporation, has made the decision to terminate the employment of 300 members of its workforce.
Last week, SAP Labs, the research and development business unit of German technology firm SAP, laid off around 300 employees across its India centers. Sources informed the Economic Times that the layoffs had a significant impact on the offices in Bengaluru and Gurgaon.
An inside source has revealed that the layoff at SAP Labs resulted from the worldwide delivery center’s closure. This center had specialized development positions for SAP implementation projects. The affected employees, including some with 10 to 15 years of experience, have been offered severance packages, including benefits and a salary corresponding to their years of service with the company.
According to a company spokesperson, the company is going through a strategic transformation that began two years ago, and as part of an organizational re-prioritization, it has intensified its focus on providing value to both current and potential customers in the cloud as well as on high-growth opportunities.