I came across several articles stating GM is offering buyouts for most employees including salaried folks that have been there for at least 5 years. That seems like a massive number of eligible folks considering they have 55k employees. Curious what the scene is internally and how they are spinning it? How many weeks are being offered? Are they planning to replace some of those jobs with fresh grads for cheaper labor? Their earnings and profitability seemed pretty decent over the past year. https://www.reuters.com/business/autos-transportation/gm-take-up-15-bln-charge-voluntary-separation-program-2023-03-09/ #auto #gm #generalmotors #ford
This is what tech companies should learn from GM. I keep seeing posts from people asking how to get laid off so they can get the severance and leave. An approach like GM would provide a nice solution for the not-so-motivated workers interested in leaving, while keeping the motivated ones. Win-win. Only if the voluntary buyout offers fail to attract enough employees to achieve significant cost savings, should companies consider doing layoffs.
It almost always fails. It failed in 2018 and then we had mass layoffs in 2019
Even if it fails, it's still the better of the current slew of approaches to lay offs.
Come to Tesla. Thanks for the top performers. Because only top performers have balls to take the buyout in the current economy.
Wish I stuck around for the buyout
Literally paying people to leave and majority won't take it because they know GM is the only place they can work
World Conflicts
Yesterday
448
American police seem to work only when Israel is challenged
Tech Industry
Yesterday
2676
I am starting to think Chinese interviewers currently fail non-Chinese candidates on purpose.
Tech Industry
Yesterday
317
Do you work at AWS? Poll - WLB & more
Tech Industry
Yesterday
3541
Crossed a line with my boss
Software Engineering Career
Yesterday
1835
Cleared Amazon onsite, but lowballed.
Buyout in one month of pay for each year of service maxing at 12 months.
That’s actually pretty solid!
You also get prorated bonus