SAP to launch a hiring initiative in March

German software maker SAP will be launching a hiring initiative in March despite slowing growth in recent months and a new restructuring program, as staff acquisition is a long-term process, its personnel chief said in an interview, reports Reuters.

“We assume that we will have more employees at the end of the year than we have now,” Cawa Younosi, head of human resources (HR) told business daily Handelsblatt.

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SAP announced in January that around 4,400 staff are to leave but that its overall headcount would rise.

The company needs experts in growth areas such as artificial intelligence, cloud computing and the internet of things, Younosi said, adding competitors were also looking for new staff.

SAP is set to a take a restructuring charge of 800-950 million euros ($906.80-1.08 billion), mainly in the first quarter, to reshape its business.

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