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

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6 replies (most recent on top)

Still nothing better than GM.
Keep the complaints coming people.
It will all work itself out early 2024.
:)

I think you should stay here.

Shudder.

Crickets.
Huh.
I guess GM is the best job and people like to complain. Who knew?

Please respond to this message with a better place to work than General Motors.
This should very useful information for those of us who want to move on.
Thank you.

GM is an absolutely terrible place to work at. It is a real shame for the talented smart people to work there. They would be way better off to work at another company that appreciates them rather than scare them every few months with layoffs. I used to think highly of GM but these days I couldn't care less for them. I would prefer to buy a foreign car rather than anything GM makes even if cheaper. I don't want to support their tyrannical agendas to prevent people from driving by pushing their AV agenda and making vehicles super expensive especially when EVs become the norm.. then good luck finding anything less than $100k. A basic car shouldn't cost more than $10k

Back in July, GM announced an additional $1B in cost cutting. So the $2B was increased.

https://gmauthority.com/blog/2023/07/gm-focusing-on-profits-over-volume-with-further-cost-cutting/amp/

Thread regarding General Motors layoffs

From Nov 29 Analyst Call

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