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Do you remember that there was a time when the human economy seemed to be omnipotent, whether it was scientific and technological innovation or first-class exchanges, they were constantly creating historical miracles.
But that seems to be a thing of the past. In recent years, we have faced unprecedented challenges and crisesFrom political turmoil to the impact of the pandemic, from recession to energy crisis, from inflation to society**.
A shocking news recently:SAP, the German enterprise software giant, has announced a restructuring plan that includes laying off about 8,000 employees, or about 7% of the workforce.
It is the world's largest provider of enterprise management and collaborative e-commerce solutions, with 99 of the world's top 100 companies being SAP customers, and SAP's systems support 87% of the world's business transactions, with a terrifying size of about $46 trillion.
Why would such a powerful company lay off so many people? Why is such a company, which represents the peak of the human economy, undergoing such a major transformation?
Why should such a company, which is closely related to us, give us such a warning? Does this mean that the era of human economic prosperity is over?
SAP's layoffs are not an isolated event, but a global trend. In the past few years, the global technology industry has experienced a wave of layoffs, from Google, Amazon, Microsoft, IBM, etc. in Silicon Valley, to Nokia, Ericsson, Siemens, etc. in Europe, all of which have announced different degrees of layoffs.
The layoffs in these companies are mainly:In order to respond to changes in the market and the pressure of competition, as well as to achieve business transformation and innovation.
SAP said it will "further increase its focus on key strategic growth areas" this year, including artificial intelligence, machine learning and data analytics.
These areas are not only the future of technology, but also the future of SAP. SAP thinksBy streamlining their operations and improving operational efficiency, they can better invest in these areas to provide better services and solutions to their customers.
SAP's layoffs are also in response to declining performance and market challenges. SAP's performance in 2023 was not ideal, with its total cloud computing and software revenue up 8% year-over-year, but below expectations of 10%.
SAP's cloud computing businessAlthough it is the focus of its growth, it also faces stiff competition from competitors such as Microsoft, Amazon, Alibaba, etc.
SAP's legacy software business has also been affected by its customers' shift to cloud computing, resulting in a decline in its license revenue, and SAP's share price has also risen by nearly 20% over the past year.
SAP's layoffs are also designed to adapt to the needs and changes of its customers. SAPCustomers are mainly large enterprises and organizations, which need more flexible, smarter and more secure software services and solutions in the process of digital transformation.
SAP needed to optimize its human resource structure and upgrade the skills and capabilities of its employees through layoffs and restructuring to meet the expectations and requirements of its customers.
SAP's layoffs reflect the slowdown in global economic growth and the risk of a recession. SAP's layoffs as a barometer of the global economy illustrate the lack of demand and dynamism in the global economy, as well as the increased uncertainty and volatility of the global economy.
According to the International Monetary Fund (IMF), global economic growth will increase from 35% slowed to 30% and 2. in 20249%, down from 20 years from 2000 to 2019 3Historical average of 8%.
This is a very bad result and a very dangerous sign. If the global economy continues to decline, it mightThis triggers more layoffs, closures, and bankruptcies, leading to more unemployment, poverty, and social problems, and even greater political unrest and geopolitical conflict.
SAP's layoffs also herald the need for restructuring and transformation of the global economy. As a leader in the global technology industry, SAP's layoffs illustrate the increasing competition and change in the global technology industry, as well as the imminent need for innovation and breakthroughs in the global technology industry.
SAP's layoffs also illustrate the need to change the development model and growth momentum of the global economy, as well as the need to optimize the industrial structure and value chain of the global economy. The global economy can no longer rely on traditional resource consumption and environmental destruction, but must shift to be greener, smarter and more sustainable.
SAP's layoffs also reveal trends and directions in the global economy. As a leader in the global software industry, SAP's layoffs illustrate the development direction and core competitiveness of the global software industry, namely artificial intelligence, machine learning and data analytics.
These technologies are not only the future of the software industry, but also the future of the global economy. They will bring greater efficiency, greater value, and more possibilities to the global economy.
SAP's layoffs also illustrate the concept and goals of the global economy's development, namely:There is a greater focus on quality, innovation and sustainability, rather than just quantity, speed and scale. These ideas and goals will bring better balance, greater resilience and greater happiness to the global economy.
SAP's layoffs are shocking news and a topic worth pondering. It shows us that the era of human economic growth is over, or at least it has faced great changes and challenges.
It also shows us that the development of human economy needs to be more adaptable to market changes and customer needs, and needs to pay more attention to technological innovation and breakthroughs, and need to pay more attention to the improvement of quality and the guarantee of sustainability.
Only in this way can we find our own position and direction in the transformation of the global economy, and create our own value and significance in the development of the global economy.
Do you know SAP as a company? What do you know and think about the global economy? You can post in the comment area and communicate with everyone.