Bayer's new CEO plans to cut management jobs to speed up decision-making as a first step to overhaul the embattled German industrial group, which is facing investor pressure to break up, three people familiar with the matter said.
This is what every company does when they restructure. 100% of the time it’s to flatten the management, but that also means workers will disappear too as teams are made redundant.
This is just a really really dumb article meant to spin it in a good light, because “management bad”. It’s like any other reduction in force, and nobody is safe. We should stop allowing companies to lay us off for the 5 minutes it won’t be profitable and force them to cycle through everyone.
They hire a big 4 firm or someone who worked at one. They advise to do layoffs to juice stock price in short term. Layoffs happen, morale drops, anxiety and workloads, and demands increase. This has been going on for 40+ years after GE laid the foundation.
These same bit 4 firms are now being asked to provide guidance and they are noticing how stretched people are and how much it hurts retention and performance. Guess what they’re starting to suggest? You need middle management.
This is what every company does when they restructure. 100% of the time it’s to flatten the management, but that also means workers will disappear too as teams are made redundant.
This is just a really really dumb article meant to spin it in a good light, because “management bad”. It’s like any other reduction in force, and nobody is safe. We should stop allowing companies to lay us off for the 5 minutes it won’t be profitable and force them to cycle through everyone.
They hire a big 4 firm or someone who worked at one. They advise to do layoffs to juice stock price in short term. Layoffs happen, morale drops, anxiety and workloads, and demands increase. This has been going on for 40+ years after GE laid the foundation.
These same bit 4 firms are now being asked to provide guidance and they are noticing how stretched people are and how much it hurts retention and performance. Guess what they’re starting to suggest? You need middle management.
Motherfuck Jack Welch