Anyone who's taken a course of management styles and leadership is familiar with the Theory X and Theory Y leadership style and the pros and cons of each.
The great and visionary 3M leadership McKnight was a Theory Y leader, wanting people to be able to freely experiment (and yes fail but learn from their mistakes) and leadership to support these efforts by encouragement and getting out of their way. 3M had a very successful run under McKnight and several other leaders.
Something changed a little over 20 years ago when Wall Street put pressure on 3Ms board to "modernize" itself - hence the hiring of GE goon Jim Mcnerney. Out went Theory Y, in came Theory X.
From wikipedia:
Theory X managers tend to take a pessimistic view of their people, and assume that they are naturally unmotivated and dislike work. Work in organizations that are managed like this can be repetitive, and people are often motivated with a "carrot and stick" approach.
Well after 20 years of this style, the days of reckoning have arrived. People's computers are being monitored for WFH to make sure people aren't goofing off, rather than judging performance on the accomplishments and body of work.
I could share more examples, but will leave this note with one last insight: the people running the company have decided the "carrot" for hard work is keeping your job until the next layoff.
No thanks!