"So, we’re asking each s-team organization to increase the ratio of individual contributors to managers by at least 15% by the end of Q1 2025.." .. manager layoffs coming too.
A large pharma company which I worked for until quitting in July went through a similar process this year. The goal was also to reduce the manager / IC ratio - organizational efficiency and span of control, they called it - but in most instances it were ICs who were laid off while their managers were simply relegated to ICs.
