The mining billionaire’s latest move to get costs under control is slicing up middle management.
On Friday, Ellison turned his sights on the corporate org chart. In an email, he said his company was going after “several structural efficiency changes” that would “consolidate functions” and “reduce duplication” – all Orwellian officespeak for doing more with less. Or axing middle management in what the HR trendsetters like to now call “unbossing”.. The former executive general manager of people,becomes director of technical.
“These structural changes and the ramp-down of operational headcount … will mean further reductions in head office staff, including a number of departures in senior management positions,” Ellison wrote.Tim Picton . The director of corporate strategy adds sustainability, decarbonisation, environment, heritage, land access and closure to his swelling interests.Don Farrell. After that, he joined MinRes. So did the former premier.laying out the company’s “very aggressive” goals to grow MinRes by “100 per cent in the next 12 months”. The stock has halved since then. And the only thing doubling is executive responsibilities.
is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent.
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