I heard from a fellow employee that GM is planning to layoff its employees ? Anybody seeing the signs ?
#layoffs #2023 #softwareindustry
General Motors pWDg71Feb 23, 2023
I haven't heard anything but I'm not that high up. Their plan is focusing on "attrition" so not replacing employees that leave for 2023 to 2024.
I wouldn't doubt if Q1 and Q2 results are bad we could see layoffs going into Q3 and Q4. I'm anticipating after March a larger-than-normal number of people will leave due to the RTO mandate but probably not as many as the company would like to see. After that will probably be offered buyouts especially to senior engineers, and then if not enough take it then we might see layoffs.
Out of curiosity where did your fellow employee hear that rumor from?
I haven't heard anything but I'm not that high up. Their plan is focusing on "attrition" so not replacing employees that leave for 2023 to 2024. I wouldn't doubt if Q1 and Q2 results are bad we could see layoffs going into Q3 and Q4. I'm anticipating after March a larger-than-normal number of people will leave due to the RTO mandate but probably not as many as the company would like to see. After that will probably be offered buyouts especially to senior engineers, and then if not enough take it then we might see layoffs. Out of curiosity where did your fellow employee hear that rumor from?