I think you're right that it's a smokescreen, but not for Wall Street.
I think he's found what Bayer is: a deeply conservative slow monolith of an organisation, with lots of under-performing, busy-working, but long-serving employees protected by German employment law. In turn, I suspect a good proportion of those are 'middle management', and so this is a path that allows a rational removal of lots of those folks, without it looking like that's the primary goal.
You're probably right that the new low-hierarchy, self-organised model won't work... but that's maybe fine in the short term. I'd expect another model (or a partial reintroduction of hierarcy) once the smoke has settled on the firings.
I think he's found what Bayer is: a deeply conservative slow monolith of an organisation, with lots of under-performing, busy-working, but long-serving employees protected by German employment law. In turn, I suspect a good proportion of those are 'middle management', and so this is a path that allows a rational removal of lots of those folks, without it looking like that's the primary goal.
You're probably right that the new low-hierarchy, self-organised model won't work... but that's maybe fine in the short term. I'd expect another model (or a partial reintroduction of hierarcy) once the smoke has settled on the firings.