I don’t see the end of this anytime soon, even more, the layoffs could take a bit more time than the management originally planned. The initial announced round of layoffs caught a bit more media attention than the management thought it would, so my take is that they are trying to be careful about this issue. Don’t forget the basic goal is to restructure the company by 2020 and that’s a process that’s going to be happening throughout the year. Although we may see another wave of layoffs around the earnings report, I tend to think that after that they are going to be laying off people in small chunks throughout the year without attracting too much attention, but when all is said and done, by year-end the final number will be huge.
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Wait. “Restructure by 2020” wasn’t something I learned during Drive 2 Great Training. One Team, Be Bold, yadda yadda...I remember those. Why wasn’t I told about restructuring? Did GM lie or decieve me?
PS. I miss my D2G Booster Shots.
Fin
The investors never embraced GM. To infinity and beyond. GM is irrelevant. Midwesterners have myopic vision. GM is a Midwestern rust belt car company that serves its own. Go coastal. You have to look really hard to find a GM product on the road.
Highly doubtful. They're going to want to show very strong Q1 numbers to keep investors in the game.
Last year's 10% layoff in Austin went department by department throughout the year. Small batches of layoffs at a time. But 10% gone by the end of the year.