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TechRadar
TechRadar
Craig Hale

SAP wants workers to create new AI-powered jobs, slashes travel and expenses budgets to up AI spend

SAP Christian Klein
SAP Building.
  • SAP is cutting travel spend on refocusing on AI-related hiring
  • Company shares are down 46% in 12 months over software concerns
  • Redeploying existing workers is a priority over laying off more employees

SAP is reportedly revising how it spends money to free up more money for its AI strategy, with a new internal memo seen by Bloomberg seemingly confirming the company's intentions to restrict new hiring, pause internal travel and reduce other spend related to suppliers.

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