12:54 PM EST, 11/24/2025 (MT Newswires) -- SAP's (SAP) executive board is facing declining employee trust following job cuts and an organizational restructuring, according to an internal survey, Bloomberg News reported on Monday.

Trust in SAP's executive board fell to 59%, down six points from April, according to an internal email sent by SAP's Chief Human Resources Officer Gina Vargiu-Breuer and seen by Bloomberg.

More than 80% of employees said they trusted CEO Christian Klein's management team in 2021, according to a local media report cited by Bloomberg.

The decline in sentiment comes as SAP has trimmed staff and shifted more toward cloud and AI software sales. Amid the changes, "not every step has landed how it should," Vargiu-Breuer noted in the email cited by Bloomberg

SAP didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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