Saturday, August 5, 2017

NEWS: SAP Says Restrictions on New Recruitment not a General Hiring Freeze

German business software company SAP denied a media report on Friday that said it has imposed a complete freeze on recruitment in order to meet financial targets this year, while reiterating that it had restricted new hirings in some areas.

Business magazine WirtschaftsWoche said on Friday that SAP had instituted a cost-savings program to control infrastructure spending, corporate purchasing and business travel that was not tied directly to generating sales.

SAP continued to hire new employees in development and sales while reining in on other types of recruitment as well as non-essential travel, the company said. "This is in no way a general hiring freeze," an SAP spokesman said.

WirtschaftsWoche said it obtained a leaked document, marked "strictly confidential" spelling out SAP 's plan, which it said had been decided on July 15 by the company's executive board.
During its quarterly investor call in July CFO Luka Mucic said SAP would hold back on incremental hiring after increasing its overall workforce by 3,000 in the first half of 2017 and 7,000 in the past year to 87,114 in June.

Read the full article here.