Cutting Middle Management: Bayer's Costly Experiment One Year Later [Forbes]
DHI Group, Inc. (DHX)
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Source: Forbes
In a bold move to restore $540 million in cost savings, Bayer CEO Bill Anderson cut out most of the company's management roles last year. Since taking the helm in 2023, Anderson's maneuvers replaced traditional management with a new operating model, called Dynamic Shared Ownership (DSO). In March of 2024, the company eliminated half of its executive positions. Anderson's DSO system asked employees to organize themselves into 90-day work sprints, via self-directed teams, and 5,500 management positions were eliminated. Unfortunately, a year after the rollout of DSO, Bayer's headaches remain. When Management Cuts Aren't Enough “Rather than a lumbering corporation, Bayer will emerge as agile and bold as a startup—but one with operations in more than 100 countries. I'm convinced that this dramatic change will accelerate and unlock the value creation in each of our businesses,” Anderson ambitiously wrote in a commentary piece for Fortune in March According to Yahoo!Finance, Bayer's m
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DHX
Earnings
- 11/12/24 - Beat
DHX
Sec Filings
- 1/8/25 - Form 144
- 1/8/25 - Form 4
- 1/7/25 - Form 144
- DHX's page on the SEC website