Managed services News
The 10 Biggest Tech Company Layoffs Of 2023 (So Far)
Joseph F. Kovar
After a sizzling economic and IT industry recovery from the COVID-19 pandemic in 2021 and 2022, the year 2023 marked the beginning of notable layoffs among tech vendors large and small. CRN looks at the 10 biggest tech layoffs of the year so far.
Up To 3,000 Layoffs At SAP
Business application giant SAP in January laid out plans to lay off up to 3,000 employees, or about 2.5 percent of its global workforce. The layoff plans were disclosed during the company’s fourth fiscal quarter and full fiscal year 2022 financial analyst conference call where CEO Christian Klein said they are part of a “targeted restructuring in select areas of the company.”
“This will impact up to 3,000 positions and will include a head-count reduction amounting to about 2.5 percent of our workforce,” Klein said on the call, according to a transcript posted on Seeking Alpha. “While we know these changes are necessary, it is never easy to make decisions that affect our colleagues in this way.”
The Walldorf, Germany-based company provided few details about where the layoffs would occur, either geographically or throughout SAP. However, the company did say the savings from the cuts would be modest in 2023 and provide a savings run rate of between 300 million and 350 million euros ($325 million and $380 million) in 2024.