Deloitte Australia told about 170 staff their jobs were cut. It is hiring over 500 to run clients' back-office work.

Also in 30 seconds: SAP's first €10 billion quarter, a Google Cloud outage in London, and IBM's CEO on cheaper open AI models.

1. Deloitte told staff this week of about 170 redundancies, the Australian Financial Review reported. The 500-plus open roles are in its outsourcing division, which runs back-office work such as finance from Australia and lower-cost hubs such as India. A spokeswoman cited "a sustained shift in client demand."

For finance teams, firms that advise on the back office now want to run it: Deloitte aims to triple that division to $1 billion in revenue by 2030, PwC Australia targets at least $500 million, according to the AFR.

2. SAP reported €10.27 billion for the third quarter, up 13% and above analysts' forecast, SiliconANGLE reported. Cloud revenue rose 26% to €6.67 billion. Finance chief Dominik Asam called the fourth quarter critical and pointed to rising oil prices and US interest rates.

3. A power event took down one of Google Cloud's three London zones for almost eight hours this week, The Register reported. Downdetector showed user problems at HSBC and Lloyds Bank; neither The Register nor Google says which firms run on Google Cloud.

4. IBM CEO Arvind Krishna said open AI models work about 90% as well as the top models at 10% to 25% of their token price, The Register reported. That is his estimate. IBM says AI is about 30% of its consulting revenue, which was flat at $5.34 billion, CNBC reported.

Has any part of your finance back office moved to an outsourcer?

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