sap SAP Freezes Hiring and Travel to Cover Soaring AI Costs Software giant SAP suspends most employee travel and hiring as the company grapples with the soaring costs of artificial intelligence. According to an internal email obtained by 404 Media, exceptions to the freeze apply only to travel and hires directly related to AI initiatives. A current employee confirms the restrictions
russia Major Tech Firms Suspend Sales and Services in Russia Over Ukraine Invasion Leading technology companies are halting product sales and restricting services in Russia in response to the invasion of Ukraine and international economic sanctions. These coordinated corporate actions severely limit Russia's access to advanced technology and global digital platforms.
sap SAP and Oracle Halt Russian Operations in Solidarity with Ukraine SAP and Oracle suspend all business activities and sales in Russia while publicly condemning the invasion of Ukraine. Both enterprise software giants take these steps in direct response to an appeal from Ukraine's minister of digital transformation.
artificial intelligence Tech AI Hiring Boom Sparks Ongoing Layoffs in Non-Strategic Sectors Major technology companies are aggressively hiring for artificial intelligence roles while simultaneously cutting thousands of jobs in other departments. Industry experts predict this trend will continue throughout 2024 as an expensive AI arms race reshapes the industry.
tech layoffs Tech Layoffs Surge in January Despite Record Stock Market Highs Major tech companies like Microsoft, Google, and eBay are cutting thousands of jobs this month even as their stock prices hit record highs. The industry continues to prioritize cost-cutting and efficiency ahead of major quarterly earnings reports.
sap SAP and Oracle Suspend All Operations in Russia Amid Ukraine Conflict Major enterprise software providers SAP and Oracle halt all business activities in Russia, leaving countless industries without critical system updates and support.
oracle Oracle and SAP Halt Russian Operations Amid Growing Tech Exodus Oracle and SAP suspend all business operations in Russia following a direct plea from Ukraine's Vice Prime Minister. This departure is part of a massive corporate withdrawal as Russia attempts to retain local IT talent with tax breaks and military exemptions.
oracle Oracle and SAP Halt Russian Operations Amid Global Tech Exodus Oracle and SAP suspend all business operations in Russia following a direct appeal from Ukraine's Vice Prime Minister. This withdrawal occurs as Russia attempts to prevent an IT talent drain by offering tax breaks and military exemptions.
ibm IBM Unveils Watson Orchestrate to Boost Business Productivity IBM introduces Watson Orchestrate, an AI-powered tool that lets business professionals automate routine tasks using natural language commands. The tool integrates with popular enterprise applications to streamline workflows without requiring any IT skills.
sap SAP Reports Strong Q2 Profit Surge Despite Ongoing Pandemic SAP exceeds expectations for the second quarter of 2020 with significant growth in cloud revenue and operating profit. The enterprise software giant credits its diversified portfolio and customer demand for digital resilience.
celonis Celonis Expands Beyond Process Discovery to Automated Workflow Improvement Celonis introduces new automated workflow tools that help companies fix inefficiencies instead of just finding them, starting with finance and supply chain applications.