SAP Labs Lays Off 300 Employees In India

SAP Labs India has laid off 300 employees across offices in the country. The layoff came about as a result of the shutdown of a global delivery centre that accounted for custom development roles to undertake implementation projects, according to an ET report.

The layoff has reportedly impacted employees across offices in Bengaluru and Gurgaon.

It is being reported that some of the laid off employees had 10-15 years of experience and have been provided with severance packages among other benefits.

Late last month, SAP Labs parent company SAP had announced that it would cut 3,000 jobs or 2.5 per cent of its global workforce, and explore the sale of its remaining stake in Qualtrics, as the German software company looks to cut costs and focus on its cloud business.

"We expect only a moderate cost saving impact for 2023, and a more pronounced one in 2024, about 300 million euros to 350 million in run rate savings as of 2024," Chief Financial Officer Luka Mucic had said in a call with journalists in January.