{"id":1280902,"date":"2024-04-16T08:08:24","date_gmt":"2024-04-16T02:38:24","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1280902"},"modified":"2024-04-16T08:08:45","modified_gmt":"2024-04-16T02:38:45","slug":"160-year-old-company-fires-all-managers-asks-100000-employees-to-self-manage","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/160-year-old-company-fires-all-managers-asks-100000-employees-to-self-manage\/","title":{"rendered":"160-Year Old Company Fires All Managers; Asks 100,000 Employees To Self-Manage"},"content":{"rendered":"\n

The struggling pharmaceutical giant Bayer CEO is doing away with middle managers and 99% of the company\u2019s 1,362-page corporate handbook, in a bold move to claw back $2.15 billion.<\/p>\n\n\n\n

\"160-Year<\/figure>\n\n\n\n

Bayer Getting Rid Of Bosses<\/strong><\/p>\n\n\n\n

The move will leave almost 100,000 employees to fend for themself.<\/p>\n\n\n\n

When it comes to, it is a 160-year-old German company known for inventing aspirin.<\/p>\n\n\n\n

But now, the company has been stuck in a rut due to its market cap having plunged to a two-decade low.<\/p>\n\n\n\n

This event has been spurred by its so-far disastrous acquisition of Monsanto.<\/p>\n\n\n\n

According to the Bayer<\/a> CEO, Bill Anderson, flattening hierarchy and slashing corporate bureaucracy could be key to turning it around.<\/p>\n\n\n\n

It appears that Anderson took the helm last June and learned that the company\u2019s rules and procedures handbook was longer than War and Peace.<\/p>\n\n\n\n

He listened to feedback from the firm\u2019s workforce, and the same complaints surfaced repeatedly saying  <\/p>\n\n\n\n

“Increasingly, we can’t get anything done,'” Anderson said in a media report.<\/p>\n\n\n\n

Adding, “It’s just too hard to get ideas approved, or you have to consult with so many people to make anything happen.”<\/p>\n\n\n\n

Anderson said, \u201cWe hire highly educated, trained people, and then we put them in these environments with rules and procedures and eight layers of hierarchy.Then we wonder why big companies are so lame most of the time.” <\/p>\n\n\n\n

As per this latest move, the company is going bossless, or as he calls it, moving to \u201cdynamic shared ownership.\u201d<\/p>\n\n\n\n

Self Manage To Save On Money<\/strong><\/p>\n\n\n\n

According to Anderson this new way of working could be revolutionary.<\/p>\n\n\n\n

Or it could be a fancy metaphor for a headcount reduction.<\/p>\n\n\n\n

They expect that in the coming years, Bayer\u2019s workforce will consist of constantly evolving \u201c5,000 to 6,000 self-directed teams\u201d.<\/p>\n\n\n\n

Further these teams will work together on projects of their choosing for 90 days, before regrouping for their next project.<\/p>\n\n\n\n

They have already started working this way as the employees of Bayer’s consumer health division have already gotten a taste of this new structure.<\/p>\n\n\n\n

For starters, they\u2019re being shown how to practically sign off on one another’s ideas without a manager in sight.<\/p>\n\n\n\n

a corporate trainer ordered them \u201cStand up, share an idea\u201d during a training session, as per the media report.<\/p>\n\n\n\n

Here the question arises if this \u201cgoing bossless\u201d will be enough to fix \u2018broken\u2019 Bayer?<\/p>\n\n\n\n

Whether or not Anderson\u2019s plan gets the desired success, it will definitely buy him some time.<\/p>\n\n\n\n

So far, it\u2019s not clear exactly how many managers will be laid off or demoted as Bayer didn\u2019t respond to requests for comment. <\/p>\n\n\n\n

Nonetheless almost 40% of management positions are headed for the chopping block in the U.S. pharmaceutical division alone.<\/p>\n","protected":false},"excerpt":{"rendered":"

The struggling pharmaceutical giant Bayer CEO is doing away with middle managers and 99% of the company\u2019s 1,362-page corporate handbook, in a bold move to claw back $2.15 billion. Bayer Getting Rid Of Bosses The move will leave almost 100,000 employees to fend for themself. When it comes to, it is a 160-year-old German company […]<\/p>\n","protected":false},"author":27,"featured_media":1280913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5127,5128],"class_list":["post-1280902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bayer","tag-managers"],"acf":[],"yoast_head":"\n160-Year Old Company Fires All Managers; Asks 100,000 Employees To Self-Manage - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/160-year-old-company-fires-all-managers-asks-100000-employees-to-self-manage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"160-Year Old Company Fires All Managers; Asks 100,000 Employees To Self-Manage - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"The struggling pharmaceutical giant Bayer CEO is doing away with middle managers and 99% of the company\u2019s 1,362-page corporate handbook, in a bold move to claw back $2.15 billion. 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