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SAP Cuts Jobs as Co-CEO McDermott Hastens Software Shift

SAP AG, the biggest maker of business applications, is planning its first widespread job cuts in more than four years as the company shifts to delivering more software online.

The German technology company is eliminating jobs across divisions as it seeks to move faster and deliver more of its products as online cloud-computing services instead of software that runs in customers’ data centers, said Jim Dever, a spokesman for SAP.