According to internal analysis, SAP SE is seeing a rise in employee discontent in its domestic market as CEO Christian Klein persists in implementing a strategy for re that was initially presented in January.

An annual poll seen by Bloomberg News shows that just 38% of German workers still have "full trust" in the software company's executive board—the lowest level in at least three years. SAP's internal survey was conducted in June and released on Thursday during the general works council meeting, which is the most valued company in Germany.

The survey reveals a widening gap between SAP's share price—which has reached an all-time high this year—and employee satisfaction at a time when the business intends to lay off or retrain as many employees as possible.

In an effort to assist business customers in becoming more efficient, Klein revealed the SAP restructuring plan in conjunction with a push to incorporate AI into SAP software. 70% of German workers responded in favor of the company's plan, which is a 2 percentage point decrease from the last poll.

Workers "strongly approved of this transformation," a SAP representative named Marcus Winkler said. He continued, saying that the survey "showed employee engagement and trust in the board as areas for improvement."

On Thursday, SAP's stock rose 1.3% to €204.50 in Frankfurt. The stock has gained 47% for the year.

At the annual meeting of the works council, a group of elected employees that represent the staff for the German SE entity, the poll findings were given in relation to the restructuring at SAP's Walldorf headquarters.

It was held prior to multiple SAP board member departures. Scott Russell, the chief revenue officer, and Julia White, the chief marketing officer, both departed the company in August. Jürgen Müller, the Chief Technology Officer, is being investigated by German authorities for improper behavior and is scheduled to leave at the end of the month.