SAP Labs is adding 30 to 40 people to its 230-person team, and plans to hire 50 more over the next two or three years. The Waterloo development office focuses on database technologies and connected devices. The hires follow a US$1.4-billion restructure that saw 4,400 global employees laid off, including some in Canada. (The Record)
Talking point: Kitchener-Waterloo (KW) is a magnet for multinationals’ dev shops, in large part because of Canada’s tax credit system, and the region’s talent and affordability. Like many local firms, SAP uses co-op students from the region’s universities; it currently has about 25 on its Waterloo team. Local tech leaders have criticized foreign companies, including Google and Terminal—which hires Canadian engineers to do development work for foreign companies—for cornering talent in the community and sending the proceeds of government-subsidized R&D back to their home bases in the form of intellectual property. SAP said it’s different in that regard: the company reports that 70 per cent of its patents are registered to local lab employees.