German software giant SAP to cut 3,000 jobs

BEIJING, Jan. 29 (Chinese medianet) -- The world leader in

professional software, Germany's SAP, said Wednesday it will cut more than 3,000

jobs this year to save up to 350 million euros (460 million U.S. dollars) as

demand slumps.

The company, following the lead of

many others as the global downturn bites deeper, said the job cuts will allow it

to "adjust to difficult market conditions."

SAP employs 51,000, according to its website.

It added that it would not be making forecasts for

this year because of "the limited visibility" in the business.

The company said its 2008 net profit fell 2.0 percent

to 1.88 billion dollars as sales rose 14 percent to 8.46 billion euros.

(Agencies)

Global Job Cuts

，Intel to cut up to 6,000

jobs



，Caterpillar to cut

20,000 jobs



，Warner Bros. to cut 800

jobs



， Ericsson to cut 5,000

jobs



， Sony to cut 8,000

jobs



， Valeo to cut 5,000

jobs



， Chanel to cut 200

jobs



， Volvo Cars to cut

3,400 jobs



， Credit Suisse to cut

5,300 jobs



， Rolls-Royce to cut

2,000 jobs



， Indonesia to cut

40,000 jobs



，UK finance sector to

cut 15,000 jobs



，India IT industry to

cut 50,000 jobs



， South Korea to cut

jobs in public

sector