Bayer, a pharmaceutical giant, is eliminating middle management and adopting a 'self-organizing' approach, where employees will work in teams without traditional bosses. The goal is to save $2.15 billion and increase efficiency. The company's CEO, Bill Anderson, believes that this new approach will liberate employees and allow them to make decisions more quickly. The move is part of a larger effort to turn the company around after a series of struggles, including a disastrous acquisition of Monsanto.