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  • 9 months ago
Bayer Pharmaceuticals executive Sebastian Guth says the decision to cut middle managers was an "effort to accelerate momentum and growth across the organization."

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00:0018 months ago, we embarked on a very radical transformation and leaned into a new operating
00:06model, which we termed dynamic shared ownership. As part of that, I eliminated here in the United
00:13States, for example, 40% of all middle managers, which was hard. But it was necessary to see our
00:21organization transform into a world that is significantly more agile and, in fact, empowers
00:28teams to take decisions as they see fit. So this wasn't an effort to just slash and burn
00:34and take out cost, but this was an effort to accelerate momentum and growth across the
00:40organization. Today, 18 months later, we're seeing evidence of amazing success. We just
00:47reported in our quarter one results last week a growth of 23%. So we're on a journey and
00:54a journey that gives us every reason to believe that we're building a better, a faster, and
01:01a more successful organization that is really tuned into its core purpose of serving patients.
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