SAP freezes hiring and cuts travel expenses to focus on AI development

Glonhui July 2｜According to Bloomberg, German software giant SAP SE is restricting new employee recruitment and cutting back on non-AI related business travel, reallocating the saved funds to its AI strategy. This adjustment in expenditure structure comes alongside a large-scale management reshuffle. SAP CEO Christian Klein has personally taken over the AI product development initiative known as Project Fuji, assuming the responsibilities of outgoing board member Muhammad Alam, with no successor announced yet. Chief Operating Officer Sebastian Steinhäuser has taken charge of industrial AI operations.