https://www.bizjournals.com/bizwomen/news/latest-news/2023/01/general-motors-fourth-quarter-earnings.html?page=all
3 replies (most recent on top)
Well, this post isn’t aging well…
Here's what most are probably expecting:
*Like many other companies, they deliberately called a RTO while expecting many to retire and for some to voluntarily leave (sans severances).
*They fully expect to give bad performance reviews so they can dismiss more people; no mass layoffs, just individual pruning of the weaker performers (which is always pure BS and usually based on who the manager likes/dislikes)
*If they don't get the results they need from retirements, voluntary leaves and the culling of poor performers, the mass layoffs are the last resort.
I have seen many waves of mass layoffs in the past. They always announce no layoffs before they lay off thousands of people. Not saying it will happen this time but my trust level is pretty low. I'm hoping for the best. I believe there were a lot of people retiring over the covid lockdown.
Exactly, That is what they said in 2018. And then 2019 happened.