SAP slashes IT budget, joins the hiring freeze

SAP is slashing its own IT budget and enacting a hiring freeze,according to an internal memo obtained by The Wall Street Journal’s Business Technology Blog. (Thanks to ValleyWag for the heads-up.) This comes in the wake of Microsoft’s own hiring freeze, which they have spun as a reconsidering of their current hiring strategies. Right.

The company commands that no new IT equipment be bought, and that all planned IT investments are being reviewed.

All open positions have been eradicated (including interns andstudents), and people leaving SAP won’t be replaced. Recruiters andmanagement consultants are also being sacked.

Meetings must now be held on SAP property, and employee travel cancelled.

Related Download
CanadianCIO Census 2016 Mapping Out the Innovation Agenda Sponsor: Cogeco Peer 1
CanadianCIO Census 2016 Mapping Out the Innovation Agenda
The CanadianCIO 2016 census will help you answer those questions and more. Based on detailed survey results from more than 100 senior technology leaders, the new report offers insights on issues ranging from stature and spend to challenges and the opportunities ahead.
Register Now