Siemens Energy (which meanwhile is completely separated from Siemens) did a massive cleanup of their management overhead two or three years ago. They cut several layers and a lot of managers got downgraded or let go. Looking at their stock performance it seems they did the right thing.

I really hope that other German enterprises will use this as an example.

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mns an hour ago | parent | next [-]

As I was following Siemens Energy in these years, I remember them getting a huge bailout, or you can call it help or whatever, at one point and from there on the stock price started going up.

	▲	jansan 27 minutes ago \| parent [-]
		It was a government guarantee in November 2023, which was never used, but allowed them to borrow money from banks for new projects. Demand was never a problem, but they were on the brink of collapse due to hidden quality problems at their subsidiary Gamesa. Somehow they seem to have solved this.

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megablast 5 hours ago | parent | prev [-]

How is stock performance any indication of a company having too many managers.

	▲	joe_mamba 5 hours ago \| parent \| next [-]
		It isn't. Stock price just measures investor confidence. Sometimes firing managers leads to more investor confidence. Most of the time it's a crapshoot but it's the best objective indicator we have for comparison.
	▲	cm2012 an hour ago \| parent \| prev [-]
		It means their financials improved