Pharmaceutical giant Bayer is getting rid of bosses and asking staff to ‘self-organize’ to save $2.15 billion
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CEO Bill Anderson says he doesn’t want it to be a “lame” company, but its stock has still tanked 50%.

In a bid to claw back $2.15 billion, the struggling pharmaceutical giant Bayer CEO is doing away with middle managers and 99% of the company’s 1,362-page corporate handbook, allowing nearly 100,000 employees to self-manage.

the company is going boss-less, or as he calls it, moving to “dynamic shared ownership.”

  • Tunnelvision [they/them]
    ·
    2 months ago

    If the post war boom is what created the middle manager as we know them today, it kinda makes sense that they’d be up on the chopping block in capitalism’s decline.