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.”

  • whatup [none/use name]@hexbear.netEnglish
    14·
    2 months ago

    But surely they’ll be paid more for all the extra labor. I’m positive that the generous pharmaceutical CEO will share all the gains with his workers whom he loves very dearly. He’ll give them all hugs and kisses too ❤️ 💋