German software giant SAP plans to lay off 3,000 employees this year—roughly 2.5% of its global workforce—and is also looking to sell its 71% stake in Qualtrics, the provider of customer and employee feedback analysis software it acquired in 2018 and spun off two years later, CEO Christian Klein said on an earnings call. SAP’s job cuts are the latest sign of the ripple effect affecting...
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Musk’s X Cuts Half of Election Integrity Team After Promising to Expand It
Elon Musk’s X, formerly known as Twitter, is cutting around half of the global team devoted to limiting disinformation and election fraud on the platform, including the head of the group, according to three people familiar with the situation. The cuts come less than a month after the company said it would expand the team and as X faces renewed criticism from the European Commission over...
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