SAP cloud business head quits after 27 years in latest top departure

BERLIN - Software company SAP said the head of its cloud business group had quit, the latest in a string of top departures as Europe’s most valuable technology company reshapes its operations.

Robert Enslin, who joined SAP in 1992 and had served on its board since 2014, had been tipped by some as a potential successor to Chief Executive Bill McDermott but has departed to take an unspecified opportunity elsewhere. Programming gurus Rich Heilman and Thomas Jung - both highly respected among SAP developer specialists - said last month they had been let go by SAP, but have now found new roles and are staying, a company spokesman said.

SAP said in January around 4,400 people would leave under a restructuring. Arch-rival Oracle has also announced layoffs and some of its top talent has defected to Google.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

SAP's head of cloud business latest top departure in restructuringSoftware company SAP said the head of its cloud business group had decided to le...
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »

China's stock market is up 27% this year, giving it new leverage in trade talksWhen the U.S. escalated the trade war with China last September, China's economy was struggling and its stock market was in a deep slide. I thought China was losing. 🤷‍♂️🤔 Does that mean China can get more out of a deal and not have to settle for just anything The stockholders are told what to do by Beijing. When they want it to go up, it goes up. No leverage here.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »