SAP announces cost cutting plan to help weather economic storm

SAP is preparing itself for a cost cutting programme to prepare itself for the further effects of a downturn.

SAP is preparing itself for a cost cutting programme to prepare itself for the further effects of a downturn.

The software vendor announced earlier this week that there had been an impact in the last few weeks of its financial Q3 with the economic crisis hitting orders and confidence.

Hard on the heels of that announcement the board has announced plans to scrutinise costs, which according to Reuters reports, includes a hiring freeze and cutting back on travel expenses.

The announcements from SAP this week indicate that at the top end of the software market there has been an impact of the credit crunch but others in that space are yet to show the same reaction in terms of cost cutting programmes and candid admissions about the state of the order book.

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