Should we consider ourselves safe from cuts until next year?
11 replies (most recent on top)
Someone in IT knows. They always know.
No, you are NOT SAFE, Auto industry engineering & white collar Layoffs are just beginning. Have you checked your e-Mail this am?? 😂👍
https://www.cnbc.com/2023/12/14/gms-cruise-laying-off-900-or-24percent-of-its-workforce.html
@1wkk - oh man, They aren’t giving it a cute name like Monarch. I would be shocked if it was before Xmas. My money is on March.
Of course you’re not safe. End of year layoffs and Severances are just now being announced by many major corporations. My LL4 has told me that most Ford divisions are under review right now. It is coming, and very soon. 👎👎
https://www.cnbc.com/2023/12/05/wells-fargo-ceo-warns-of-severance-costs-as-layoffs-loom.html
The company has already tasked each operating unit with a head count exercise but is calling it an operational efficiency review.
If you are not a minority, UAW or part of the friends and family club then no you are not safe. They will not stop until everyone that dos not check the box above is gone. Just look around!!
About as safe as Loretta Lynn driving through Hazzard county in season 2 episode 18......
No. Never safe. Why even post sh-t like this? Especially since next year is weeks away. If it makes you feel better yeah, enjoy your holiday break and don't spend it asking these questions to strangers. Have your resume ready. Your LL6 isn't safe and neither are you. LL5's that are close to retirement are just waiting until they are told to leave.
GM is no better. GM is also looking to cut heads to reduce engineering costs, see thread from GM's tab
From Nov 29 Analyst Call
“Specifically, we will continue to execute our $2 billion net fixed cost reduction program by the end of 2024. This includes lower salaried people costs, lower marketing expense, and additional overhead reductions. Our Winning with Simplicity initiative is already reducing design and engineering expense, supplier costs, order complexity, buildable combinations, and manufacturing complexity.”
General Motors Company (GM) Business Update Conference Call (Transcript)
https://seekingalpha.com/article/4654922-general-motors-company-gm-business-update-conference-call-transcript
Bunch of Zone Manager jobs are about to be moved to Mexico. Dealers are going to love having their reps be hard to understand
Who knows?
This place is dog sh1t anyway. Best to get out earlier than later ( with more damage on your resume )