this post was submitted on 22 Apr 2024
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Pharmaceutical giant Bayer is getting rid of bosses and asking staff to 'self-organize' to save $2.15 billion (web.archive.org)
submitted 6 months ago by geese_feces@hexbear.net to c/labour@hexbear.net
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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.”

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[–] solarvector@lemmy.zip 61 points 6 months ago

This isn't ownership of capital. Creating value for someone else is unchanged.

This is all corporate speak, the words don't actually mean what he's saying. "Dynamic" is corporate speak for "undefined shit", and "shared" means "it's your problem," and "ownership" means "your responsibility." So, "dynamic shared ownership" is "undefined shit is your problem and responsibility."