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.”
Reminds of what T-Mobile started doing; are they going to improve the service, make it cheaper for customers, pay their workers better, etc? No.
Will they be adding stupid shit like T-Mobile Tuesdays, and have a “cool” and “hip” ceo to basically talk down to anyone that asks for the aforementioned things while simultaneously insisting that the company is “going in a direction”? Absolutely.