"We had a dreadful 2020. To be fair, nobody could
have reasonably expected the executive team to predict a global pandemic...But
by the same token, if managers aren´t at least responsible during the bad
times, they shouldn´t take full credit for the good times...So, given that my
fellow executives took bonuses in the boom years, we are slashing their salaries by half...Another
cost-saving measure will be the elimination of...management consultants...if my
executive team needs advice on how to do their jobs, that raises the question
of why they were hired in the first place..."https://www.economist.com/business/2020/12/19/what-if-ceos-memos-were-clear-and-honest
Of course, this is not yet the end of management has
was mentioned in the Harvard Business Review : “Think of the countless hours that team leaders,
department heads, and vice presidents devote to supervising the work of others.
Most managers are hardworking; the problem doesn’t lie with them. The
inefficiency stems from a top-heavy management model that is both cumbersome
and costly. A hierarchy of managers
exacts a hefty tax on any organization. This levy comes in several
forms. First, managers add overhead, and as an organization grows, the costs of
management rise in both absolute and relative terms. A small organization may
have one manager and 10 employees; one with 100,000 employees and the same 1:10
span of control will have 11,111 managers. That’s because an additional 1,111
managers will be needed to manage the managers”
