65 laid off in lending and funding at americredit and Gm financial .. weird since we are buzy
6 replies (most recent on top)
@eik+15q12HDe GM Financial is part of GM. I think you are thinking of GMAC (now called Ally) that was sold off before the bankruptcy to raise cash.
I was one of the 170 people laid off last week, I have spoken with multiple people who were also laid off and there seemed to be a trend that the people I talked to all had long tenure with the company, with many over a decade with the GMF/AmeriCredit.
@4gqy Reasonable effort made to provide a modest severance package = an afterthought by GM so those fired will still think positively about the company and continue buying their products.
Correction to two points. First, there were as many as 170 FTE that were subject of the layoff and second, the comment that "GM Financial has not been part of GM for a long time" is completely false. GMF is a wholly owned subsidiary of GM and reports directly up to GM.
I was one of the people furloughed last week. There was a reasonable effort made to provide a modest severance package.
GM Financial has not been part of General Motors for a long time.
Company is in conserving capital mode. It's not about how busy they are in this moment.