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By | Gavin Clarke 6th March 2015 11:29

Job cuts klaxon: SAP axes 2,200 staff, denies 'cost cutting' to blame

'We are in growth mode' giant maintains

Europe’s largest software firm is reportedly cutting up to three per cent of its workforce.

SAP’s HR chief Stefan Ries has told Bloomberg the enterprise giant is cutting 2,000 staff.

The firm's total headcount is 74,406.

Its chief executive Bill McDermott announced its second round of job cuts in less than a year.

When contacted by The Register on Friday, SAP would not say who’s getting cut at the company, but it sounds like SAP is either trimming its high-growth cloud businesses or the slower moving software and maintenance units.

Despite growing fast, cloud remains a small proportion of SAP’s overall income.

In a statement, SAP said losses are not part of cost cutting and it’s growing. It will add new positions and finish 2015 with more staff than when the year began.

“We continue to invest in growth areas while implementing required changes in other areas, to ensure they are lean and efficient for the future,” SAP's statement read. ®

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