STUTTGART, Germany (Reuters) - German software company SAP
SAP, which employs a total of around 67,000 people, had said on Wednesday that there would be targeted job cuts, but declined to say how many. A company spokesman declined to comment on Thursday.
"The number is not yet definite and there are still checks being made as to whether positions overlap or are unnecessary," the person with knowledge of the matter told Reuters, adding that the cuts would affect all regions and areas.
However, SAP also plans to create about 3,000 new jobs this year, leading to a net increase in staff, the source said.
Cloud computing allows businesses to reduce their costs by ditching bulky servers for network-based software in their own offices and using remote data centers run by technology companies such as SAP.
(Reporting by Ilona Wissenbach; Writing by Victoria Bryan; Editing by Philipp Halstrick and Elaine Hardcastle)