Following a 25 - year tenure in the Chinese market, the US - based software firm SAS Institute has made the strategic decision to fully withdraw from China and terminate the employment of all 400 of its staff members. Employees are mandated to sign separation agreements by November 14. The compensation package is quite generous, encompassing N + 2 salary payments, year - end bonuses, and salaries until the end of 2025.
On October 30, the company communicated this significant decision to its employees through an internal email and followed it up with a video conference. A spokesperson for the company explained that this move is part of a sweeping transformation in the company's global operational approach. The goal is to streamline the business strategy (here, using "strategy" instead of "layout" makes it more natural in English as it better conveys the idea of long - term planning and organization) and secure long - term, sustainable growth.
Although SAS is pulling out of the direct Chinese market, it will still engage in business activities in China, albeit through third - party partners. At present, the SAS Simplified Chinese official website has been deactivated, and job postings no longer feature positions specific to the China region.
