The company has not announced the number of managers who will be fired.

According to “German Pharmaceutical Giant Bayer” report, German pharmaceutical giant Bayer is facing difficult times and is currently undergoing some structural changes. business insider. The program aims to reduce corporate bureaucracy, provide employees with greater autonomy, and enable companies to innovate effectively.

CEO Bill Anderson calls it “dynamic shared ownership.” “We take highly educated, highly trained people and then put them in an environment with rules, procedures and an eight-layer hierarchy,” he told Business Insider. “And then we wonder why big companies are big So lame most of the time” earlier this year.

Mr. Anderson said employees, especially at larger companies, were concerned about the traditional structure, in which organizational charts in a traditional corporate environment were arranged upward, starting at the bottom and working their way up. Bayer claims it has fewer than 100,000 employees. “People love this company; they love the culture, the science, and the commitment to patients, but they’re basically saying: ‘We’re increasingly unable to get anything done. It’s just too hard to get ideas approved, or you have to consult It takes a lot of people to make anything happen,” he said.

The CEO said he plans to eliminate the company’s de facto rule book. The company’s rules and regulations are more than 1,300 pages long. “It’s actually longer than War and Peace and not as exciting,” he said. Anderson also plans to cut middle management staff and give employees flexibility in choosing projects.

In New Jersey, some Bayer employees learned about the new structure. According to the report, employees were arranged in a circle and given the opportunity to stand in the middle and propose ideas. If employees are interested in their ideas, they are asked to join their colleagues in the center of the circle. “You have to organize yourself,” one corporate trainer reportedly said during the course. Wall Street Journal.

The company has not announced the number of managers who will be fired.this wall street journal It claims thousands of U.S.-based managers will be reassigned to other jobs and other functions will be terminated.

The German company said in March that Andersen’s proposal would reduce organizational expenses by about 2 billion euros. Bayer’s share price fell by more than 50% last year, from 60.40 euros to 27.64 euros. Notably, the company manages around €34 billion of debt.