SAP cuts hiring and travel to fund AI

SAP is limiting hiring and travel spending to help pay for its AI transformation. The tech giant will “exclusively focus new hiring on selected profiles only, mainly core Al roles, that are critical for our long-term success,” staff were reportedly told in an internal email. The email also said that internal travel, unless it is related to AI development, will be suspended, and that the company is looking at ways to cut other spending with suppliers, Bloomberg reported .