GM is not in a good place right now, we all know that. Many projects had a totally wrong concept and if it wasn’t for the truck sales that we owe more to tradition and people being used to GM trucks than to delivering a quality product, God knows what the numbers would look like. What I find disgusting in this whole situation is the fact that the leadership is covering those problems up and trying to sell the story that the massive cuts are a part of some strategic decision to restructure the company and make it better even though it was going fine. God forbid they admit the company was in trouble, then someone would maybe ask the question: who got us to that state?
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Mark my words, these are a round of layoffs among many.
When the next recession hits, they'll have an excuse to claim no one could have seen it coming, we need to right size ourselves. They'll lay off again. This recession, is coming much sooner than later.
Rather than reactive, and one large layoff in response, they've chosen proactive, which grants them two rounds of layoffs, as the recession rolls in. Devious.
You doubt it, bookmark this post and refer back.
Mary Barra who became CEO while GM was heavily underwritten by the Obama administration marched to the tune of that drummer. The strategy worked while the government cash was needed, but the fatal mistake along with that of an inattentive board and her minions - I mean management, was that they continued to follow the 'car' low fuel mileage, car sharing, autonomous driving, all electric theme that's been driven by special interest groups external to GM while the market had decided they like SUV's better. The move to SUV's has been going on a long time - 15+ years. There is no excuse for her to have not known that - after all, she pretty much grew up at GM. I strongly feel she along with her heartless CFO and top level managers should step down, but our most gracious media and non-existent board continues to give her a pass.
Bad management is a running theme at GM, and probably responsible for 95% of their problems.
Some projects had right concept but poorly executed owing to bad management.