Software giant SAP said it will cut around three percent of its employees worldwide but added that it would create different jobs as it struggles to get up to speed on cloud computing.
The job cuts include SAP offering some employees early retirement, and won’t make forced redundancies in its European offices.
SAP has around 75,000 workers worldwide.
The company is struggling to compete with up to date cloud based companies including Workday and Salesforce and is working to beat the competition.
Reuters said that SAP will create new job opportunities in the cloud business, the database Hana and the expenses software Concur – it paid over $7 billion for Concur in 2014.
