SAP to cut 3,000 jobs
Software maker SAP AG said that it would cut 3,000 jobs worldwide as its 2008 net profit fell 2 per cent, weighed by a difficult year-end when the financial crisis deepened.
Industrial conglomerate Siemens AG said Tuesday it would cut 16,750 jobs, or 4.2 percent of its global work force, to streamline operations and cut nearly $2 billion in costs in the face of a slowing economy.