buy 'em overpriced, sack 'em fast
SAP is swinging the axe and cutting a number of staff as it re-shapes itself as a provider of cloud services. The software biz would not say how many of its 66,750 employees will be laid off as part of its latest restructuring exercise, nor when the jobs would go – but called the losses “unavoidable”. Yet the company claimed …
Sounds like what my company are doing - "transformation" using the axe, and new hires who know the new stuff. Old techies who could outperform the cheap new hires after a couple of weeks of familiarization with the new-fangled technologies (which are never really that revolutionary) are laid off because they are "obviously" too expensive, whereas the long term financial penalties of restaffing your company with noobs and offshore resource is less obvious.
SAP has always been a cautious company. They have done well, but everything is done very deliberately over decades. I don't really understand what they mean by "becoming a cloud company." Who exactly is being cut?