Thread regarding General Motors layoffs

How is the bonus calculated?

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| 851 views | | 5 replies (last February 27, 2024) | Reply
Post ID: @OP+1qYZTXXS

5 replies (most recent on top)

no clue

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Post ID: @jwkt+1qYZTXXS

They lose money with every EV sold.
"40% based on EV performance, software and services, plus autonomous."
So this new metric is a way to give your bonus a 40% haircut.
And... 60% based on cash...
What did they do with the cash recently?
They did stock buybacks.
Savor your bonus this year people. It's unlikely you'll see anything for a long time.

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Post ID: @hisl+1qYZTXXS

Next year, your bonus is also based on EV performance, software, autonomous.

https://gmauthority.com/blog/2024/02/gm-changing-bonus-plan-for-salaried-workers/

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Post ID: @gddj+1qYZTXXS

salary X level X team

level 6 employee are fixed at 10%
level 7 13%
etc

team is what ever management decides.

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Post ID: @3uob+1qYZTXXS

It’s in the TRJ

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Post ID: @sbe+1qYZTXXS

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