There is some limit to how many people you can manage effectively. So, in a company with, say, 10,000 employees, you can't have just one layer of management between COs and ICs. You'd either need each manager to work with 500 direct reports, or you'd need the COs to work with 500 managers. If we look at 100,000 employee orgs, this gets even sillier.
If you even attempt something like this, what will actually happen will be a chaotic hierarchy arising within the larger group, with people playing politics to rise above their peers.
Edit: I should add that I absolutely believe a bottom-up organization can work, but it needs to be built with the right organizational model in place. You can't just say "no managers" and expect people to work directly for the CEO. You can put in place rules so that employees can self-organize, appoint representatives to interact with other teams, vote for collective decision making and so on. But this typically requires a huge power loss for the C-suite and owners, which is why it's very unlikely to work well outside of a co-op.
If you even attempt something like this, what will actually happen will be a chaotic hierarchy arising within the larger group, with people playing politics to rise above their peers.
Edit: I should add that I absolutely believe a bottom-up organization can work, but it needs to be built with the right organizational model in place. You can't just say "no managers" and expect people to work directly for the CEO. You can put in place rules so that employees can self-organize, appoint representatives to interact with other teams, vote for collective decision making and so on. But this typically requires a huge power loss for the C-suite and owners, which is why it's very unlikely to work well outside of a co-op.