Watching the All Hands it seems Christian Klein cares very little about the employees at SAP. He callously announces 8000 layoffs and smirks when someone dares to challenge him with questions. People who are close to retiring who may be effected ask for more details about possible package - to be answered, we don't know, as your local HR. I was disappointed (yet again) with the minimal focus 8000 layoffs were given before it was "this is an opportunity" back to business corporate jargon. For the 8000 (of which do not know who this will be yet) it was very disappointing.
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Klein is a fu--ing snake mimicking empathy and humanity. He got none of that.
Klein was born into a rich family and his income in 2023 was over 4 million euros. The dude is detached from the reality and unable of any empathy.
It’s funny hearing execs try to exhibit empathy—“oh I have kids too and I know how it is when they are sick and you have to take care of them”…except for the very minor detail that their annual compensation is typically more than majority of folks will earn in their lifetime.
Corporate executives nowadays are exactly as capital wants them... ruthless sociopaths. (https://www.imdb.com/title/tt0379225/)
This is unfortunately not news, Chomsky tries to convey this message since over 30 years.
(https://en.wikipedia.org/wiki/Profit_over_People)
The core of the issue in general starts with the "legal form" we allowed to be corporations. We basically made them gods as they have similar rights as humans with less accountability and more importantly, they are transcendent in the meaning that they are neither limited by time nor space. This naturally results in them getting ever more powerful until they corrupt democracy by the sheer force of their power.
Same issue you have with societies allowing billionaires to exist. Those things should be treated as what they are - policy failures!
CK looked incredibly uncomfortable and completely out of his depth during the global call. Oh well, it comes with the position CK!
Many of us have left SAP after sometimes decades with the company because of CK and current leadership. The writing was on the wall in 2019. I will watch afar when they finally shake this up and walk CK out, never to be heard of again. He is burnt in this industry, partners and customers have nothing good to say about him.
For all of you going through this - I am so sorry. Nobody deserves this.
Do not worry about CK, he has had to already have figured out that he is on borrowed time. The disparity between Punit Renjen and himself is glaringly obvious.
It will not be too long before Renjen will be installing his own CEO who has the experience to accomplish what Renjen has promised the shareholders which is a massive offshoring model. CK ( or the other Board Members) are not capable at all of a project of this size or scope.
Not a single German executive board member at SAP is qualified for their position. Christian, Thomas, Jurgen are all a net negative to the company.
He’s a child. A child of privilege. He’s never displayed adequate empathy and it’s clear his only motive is profit.
I noticed the smirk as well when someone challenged during the Q&A. Very disappointing indeed.