Thread regarding General Motors layoffs

"Someone in the security office wants to see you". Once I arrived I was told "you are no longer needed, I'll escort you to your car. Leave the property. 22 years , don't matter

Nonsense to all this noise. GM once again broke sales records:
https://investor.gm.com/news-releases/news-release-details/us-q4-and-full-year-sales-gm-delivers-another-year-firsts/

Tuesday the hunger games begin.
My gut says that those people we haven’t seen since March 2020 won’t show and will be the first to go.
I mean… except for those friends and family members near and dear to the dear leaders.
My gut also tells me that there’s a number of targets upper management has in mind.
Low hanging fruit beware.

Spent 15 years at GM, all solid Perf Reviews w plenty of supporting documentation, then one day out of the blue, suddenly was a “minus” rated performer, all verbal commentary from new leader w zero facts to back anything up, so when I asked for said documentation/justification, they had none, HR backed SL’s when I disputed the bogus PR, then was part of layoffs shortly thereafter, just like that. Of course, spineless leader(s) waited until I was done delivering/submitting all PR’s for my team, whom I fought for and justified to keep… yet I was rewarded with being laid off. Hilarious & insane… One Team and Win with Integrity! Hindsight, I’m so glad I’m out of that toxicity & that I called their BS. Wish everyone the best in February 2024 during upcoming PR’s and be sure you have a backup plan ready to go, or just enjoy the new norm of the early retirement age of “50 something” and pass the enjoyment (& stress) on to the youngsters.

@4htb+1qkIQ5lm

That might fool people to start, but eventually the truth will come out and they'll get a reputation for bogus performance reviews and firing people at random.

Or not so random, since historically they target older employees.

Tesla has 127k employees GM 167k and Ford 173k....They need to get numbers down to their competitors...EVs are simpler then Ice.. Just take a look at one in the tear down labs..just copper windings, magnets, and a aluminum housing...now take a look at a ice engine...hundreds of parts and sub sections... You do not need as many people engineering EVs since they are mechanically simpler...

I believe we will see the economy pick up and new job opportunities because of the demand for EVs. I’m not buying into the doom and gloom. We have the right people in the White House. The adults are in charge!

@2okj+1qkIQ5lm

My guess is that with firing based performance reviews, they get less of a reputation for firing at random. Who wants to work somewhere you might be fired from even if you work hard and do well? It's also a constant threat hanging over everybody's head to work hard, or else. Last but not least, you don't have to wait for the next mass layoff get rid of your political enemies.

Bankruptcy happens very slowly, then all at once.

• Someone else (not me)

I was saved during the last contractor layoffs back in July and I was let go last week due to “budget cuts”.

So why go through the game of a performance review as a reason to let someone go?

They can just point at someone and say "today's your last day."

RE: "Remember, your performance review doesn't have to reflect reality"

100% correct, but we are all "at will" employees", remember signing when being hired?

In United States labor law, at-will employment is an employer's ability to dismiss an employee for any reason, and without warning, as long as the reason is not illegal. When an employee is acknowledged as being hired "at will", courts deny the employee any claim for loss resulting from the dismissal.

Happy New Years everyone!
2024 will be amazing.

Remember, your performance review doesn't have to reflect reality.

If they're out to get you, you can be the best employee in the world and they'll make it seem you're the worst.

GM wants to cut 1.5 to 2 billion in costs by the end of 2024.

Trust me, this isn’t as simple as GM cutting its Sharpe pen purchases and stationary costs.

It is going to su-k, but, like they mentioned in previous town halls, some of the headcount reduction will happen during the so-called “performance” reviews. They will just have managers select bodies & give them a bad review to meet their quota.

Again, like MTB underlings have said “GM does not have any layoff plans in its current anticipation models”. So yeah, you losing your job based on a performance review isn’t a layoff. This is just a form of “Fuzzy” Math.

@mpm+1qkIQ5lm
"This time it's different." ~ The media, the U.S. Government, corporations, banks, people in denial and people who don't know any better.
I love that people hit the down-vote thinking they can make it all go away.
In 2007 people were denying the massive bubble out of desperation. How did that work out?
I also find it humorous when the numbers for foreclosures, labor participation rate, auto repossession rate, bankruptcies, consumer & corporate debt, debt-to-income etc. are all easy to verify and obtain, yet people still have a thumb up their --- while crying, "CONSPIRACY" like it's a get out of jail card.
Just like in 2008, everyone you know that has massive debt will lose everything when they lose their jobs. It's just a fact.

if something bad will happen, there has to be a serious trigger for it.. if things continue as is, i don't see why things would spiral into a catastrophic thing as suggested by previous poster

I live my life to the following Quote:

"First thing that I ask a new client is, "Have you been saving up for a rainy day? Guess what? It's raining!"

The not so funny thing is most of our society is living in bubble and believe we will work are way out and continue as usual. Many who live in this bubble are the ones who call many negative or conspirator and these same people will convey they knew all the time after problems arise. Weak individuals.

The economy WILL NOT turn around.
Every data point conceivable indicates this, regardless of what cheerleaders in the media are telling you ("soft landing").
The mass layoffs will start early in 2024 and the following will occur:

• You will see epic consumer and corporate bankruptcies.
• You will see world governments set austerity plans into motion (because they are bankrupt).
• There will be a huge liquidity crisis (banks won't lend, no capital to invest).
• You will see the biggest housing/corporate real estate crash in history.
• People will be selling their toys in a fire sale (boats, motorcycles, RVs).
• People will lose their homes and you will see familiar retail outlets and restaurants go out of business like no one has ever seen.
• Contract to popular myth, the American worker has ZERO leverage left. Very few remote jobs left to speak of, let alone jobs they qualify for beyond minimum wage. I encourage you to stop what you are doing and do a job search.
• What will happen is when the mass layoffs start, and we are talking about hundreds of thousands of people that will turn into millions - those scarce jobs that popped up in your job search will either disappear or get filled quick.
• There are couple of other things I want to mention here that I can't but they would scare the pants off of people and would get this reply taken down regarding geopolitical events and a few very big domestic issues.

  ---

They called 2008 the "great recession". 2024 will start the Great Depression II.