[dustrider]

It’s opportunistic I think. Rev is up and as you say SAP is like tar to get out of.

IMO There’s a market expectation that “big tech must make cuts” and therefore they either feel their share price would be under pressure if they don’t show something, or more cynically they see an opportunity to trim a little that would look a lot less worse than if they did it another time.

[throw0815]

I think your comments nails it. Both the reason you give play a role. I am very interested in the earnings reported today and the salary round this year also announced today.

Disclaimer: I work for SAP