More people want to leave SAP than severance payments are planned
SAP faces challenges with job cuts as over 5,300 employees apply for early retirement or voluntary departure, exceeding expectations. Reasons include restructuring dissatisfaction, salary adjustments, and new office attendance rules.
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SAP is facing unexpected challenges with its planned job cuts as more employees than anticipated are seeking early retirement or voluntary departure with severance pay. A report from Handelsblatt indicates that over 5,300 SAP employees have applied for these programs, exceeding 20% of the German workforce. While SAP initially targeted older employees, the interest is now coming from a broader range of employees, including younger ones. The company intends to approve around 50% of the applications, with a higher approval rate for early retirement requests. The decision-making process is expected to take months. Reasons for the increased interest in leaving SAP include dissatisfaction with restructuring, salary adjustments below inflation rates, and a new office attendance requirement of at least three days a week. This requirement has caused discontent among employees who were used to remote work, leading to concerns similar to those expressed by employees at Dell regarding mandatory office presence.
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2 commentsIsn't there some concern that they're letting go of a lot of knowledge with these older employees? Tribal knowledge isn't a problem that effects them?
The more cynical side of me thinks that it's going to be quite a mess for those who remain.
You have to wonder if there's some interesting data with regards to tight (?) labour markets, policy that has nudged severance packages higher, etc.
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