SAP to axe 2,500 workers over cloud shift

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ERP software provider SAP is to cut 2,500 jobs as more software is moved over to the cloud.

The cost-cutting exercise should improve customer service, says the German-based company.

Around 67,000 people are currently employed by the firm, which declined to give an exact total figure for the proposed cuts. However, a source told Reuters that around 1,500 to 2,500 roles could be in jeopardy and that cuts would affect all regions.

"The number is not yet definite and there are still checks being made as to whether positions overlap or are unnecessary," the source said.

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