I fear this will sound like I am opposed to something like this, but that is not my intention. I am sure there are places it would be beneficial.

Just not where I work.

I work with a great group of people, but like most companies, we are very siloed. This results in people working towards the goals of their direct manager, and NOT the corporate or team goals. To make something like this work for us would require wholesale changes in staffing.

There are times when a company can make changes in their management structure and maintain the people who do the work. Frequently improvement in productivity and happiness is a result. However I would think that a change as massive as this would not work well for a lot of companies. I think most people are so ingrained in the typical structure that something like this would leave them floundering.

As for me, I have always prided myself on being able to work for anyone, in any structure. I have worked for managers who abused drugs, and I have worked for some of the best people on the planet. I always give my best no matter who is in charge. I also make a point of doing what I am asked to do no matter who asks, although there are certainly times I need to delegate to others due to staff assignments. I would hope I could adapt to something like this, but even given my history, it sure sounds weird!

I imagine that a lot of people in this forum probably succeed no matter what, and some percentage of the whole would thrive in this design. There are probably those who would do best in a typical structure though.