This week, Bayer confirmed that it eliminated 1,500 employees in the first quarter of 2024, with approximately two-thirds of those axed positions in managerial roles. The layoffs are meant to help the company hit its target of €500 million ($540 million) of sustainable cost savings in 2024 and €2 billion ($2.16 billion) in 2026.
https://www.biospace.com/article/bayer-s-1-500-layoffs-are-latest-salvo-in-ceo-bill-anderson-s-company-overhaul-/