His colleague, Michael Beer, says that far too many companies have applied re engineering in a mechanistic fashion, chopping out costs without giving sufficient thought to long term profitability.

　　[句子主干]His colleague,…, says that… ,chopping out costs without giving…

　　[语法难点]有省略。chopping out costs without giving sufficient …分句是非限定性定语从句。修饰的是前一分句的整体意思。without后面要跟现在分词giving。

　　[句子翻译] 他的同时迈克尔·比尔说，为数众多的公司以简单机械的方式进行机构重组，降低了成本，但却未能充分考虑长期赢利。

　　[翻译技巧]far too many译为“太多的(比实际需要)”。re-engineering in a mechanistic fashion应译为“以简单机械的方式”。chop out译为“削减”。