In my experience the only time a company appreciates you is while the profits are rolling in and the job market is good. If the company's income declines or the job market is bad they all treat you like this. It's a tough lesson but being loyal to your employer means nothing. Be loyal to yourself and your family, stay sharp, keep your skills up and you will be fine
Bumped this from @XbSCbcm-oay for being on point.
It’s all about cash flow, when everything is tied up and a certain percentage of your business is not liquid, this is exactly what happens.
So while the news is reporting positive profits, etc, pay attention to the cash flow and how it is declining.
GM is actually pretty good about layoffs and communication. I know some of you hate to hear that but it’s ruthless in MANY other companies.
As far as loyalty goes, anything about being loyal to a company must be coming from GM lifers. The reality is you May have a job for life and survive layoffs, but if you’re not moving forward and managing your own career then you are getting passed by.
Stay current, evolve, and embrace the change, and don’t live high on the hog like you will always have a GM income. That mentality will leave you wondering why no one is hiring you IF you do get laid off.
We posted a 6 billion profit and the market is super hot, at least for software
This isn't an issue with the car market. The issue is related to poor leadership who TRAIL market trends. Do you really think autonomous vehicles will save GM in a downturn? Not really. There's a lot of competition in the e-vehicle space. GM should innovate in the e-vehicle space rather than trailing or copying others. GM's inability to make the future is the main failure here. Keep trailing.
What does this say about GM?
I have mixed feelings over this, but it speaks to the future of GM imho.
We were notified of these cuts late last year with little notice. Some were caught unprepared and may face financial ruin. Others took this short notice to get our houses ready for the potential storm. For those who built homes with good financial foundations, we will weather these storms regardless of the outcome.
I believe GM sees a huge storm in the horizon and is making haste to prepare for it. Is it an enivitable resession a few short years from now? Possibly. There are many shareholders who haven't recouped their initial investment. In a downturn, you don't know who would gain controlling interest in the company.
Ok but the car market is strong & profits are high so what does this say about GM??