Thread regarding General Motors layoffs

Impending recession. Will there be layoffs?

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| 2051 views | | 6 replies (last July 21, 2022) | Reply
Post ID: @OP+1hujxs07

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https://www.bloomberg.com/news/articles/2022-07-20/ford-plans-up-to-8-000-job-cuts-to-help-fund-investments-in-evs

Are we next?

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Post ID: @lyra+1hujxs07

Glad I got out 2 years ago.

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Post ID: @foja+1hujxs07

Let’s see who retires, as lump sum pensions are expected to drop after Sept22.
Ref- IRS tax rate tables.
Come Oct/Nov- depending upon the economy, recession, will suggest potential layoffs.

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Post ID: @8ypj+1hujxs07

No.

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Post ID: @7swh+1hujxs07

Of course there will be. Your stock cratered 50% or so, give or take.

It's their excuse to cut heads, after their massive hiring spree over the last number of years.

Good luck. Glad I got out of that wasteland. GM is an abomination of a career choice.

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Post ID: @6gsn+1hujxs07

Not as long as there are plenty of buyers for $90k trucks.

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Post ID: @4gmm+1hujxs07

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