XE:SAP

Together with layoffs announced by manufacturer 3M Co. MMM -0.28% this week, these companies are trimming more than 10,000 jobs, just a fraction of their total workforces. Still, the decisions mark a shift in sentiment inside executive suites, where many leaders have been holding on to workers after struggling to hire and retain them in recent years after the pandemic disrupted workplaces. Unlike Microsoft Corp. MSFT 1.82%…

BERLIN—Software company SAP SAP -0.03% SE joined the ranks of tech companies announcing job cuts this year, saying it would shed up to 3,000 positions after a steep profit drop in late 2022. After growing rapidly at the height of the Covid-19 pandemic, technology companies have been laying off workers mainly in the U.S., with large employers such as Facebook parent Meta Platforms Inc. and Amazon.com Inc.…

Salesforce Inc., CRM 3.05% which pioneered cloud software to become one of the largest companies in technology, has hit a rough patch in recent months as slowing growth and employee turmoil damp enthusiasm about its business. Elliott didn’t publicly outline its specific hopes for Salesforce. Elliott Managing Partner Jesse Cohn said it is looking to “realize the value befitting a company of its stature.” Starboard, which invested in…