U.S. Markets close in 45 mins

[$$] Et Tu, Tesla? The Escalating War on Middle Management

Tech companies such as Tesla, which are constantly fighting to retain prized engineers, believe it’s important to reward them with a direct line to the top. By thinning out management layers, the thinking goes, you accelerate the feedback loop between your generals and field commanders, allowing brilliant ideas to germinate quickly. Most studies conclude senior managers devote at least 80% of their workdays to communication in all its forms and are hurtling toward 90%.