Wisely, SAP is going to stop any unnecessary expenditure. But the severity of the moves they're making point to a soon-to-come layoff announcement.
Among the actions SAP is taking:
- No new expenditure on IT. At all. No new equipment to be ordered, at all
- Complete headcount and hiring freeze, including contractors, interns, students (wait, why wouldn't you keep students? Just make them unpaid internships - in this economy, the students would fight for unpaid internships.... as my batch did back during the dot com bust)
- Employees leaving through natural attrition are not to be replaced
- No internal transfers; yes, you can leave your group, but you won't have a place to land at
- Internal transfers or written offers to new candidates sent before October 7th will be honored, all others to be called off
- Stop working with external recruiters immediately (oops, sounds like SAP's HR group will be among the first to go!)
- Stop working immediately with all management consultants (ok, so the consulting firms are about to start 'counseling out' folks, too)
- Stop all external training sessions
- No meetings off-campus. No renting off-campus meeting rooms or hotels
- Cease ALL internal non-customer-facing travel in October…Any non-customer-facing travel already booked should be canceled immediately, even if this incurs penalties (they're serious!)
- Fly coach from now on
Posts
