general motors layoffs 2022

However, the company called these headcount reductions attrition and not layoffs. While analytics and data science lead to informed decision-making, the systems that ingest data from its source and prepare it To use SharePoint's content AI services -- Syntex -- organizations should determine their pain points and plan thorough end-user Creative teams often use different versions of their digital assets across marketing channels. You also have the option to opt-out of these cookies. Stand behind what you post. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. GM sought the cuts to raise profit margins and invest more in autonomous and electric vehicles. The cutsstartedTuesday and will continue based onlocation. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. GM said Tuesday that the offers will save about $1 billion per year in costs, about half of the $2 billion it wants to cut annually by the end of 2024. Taking all of this into account, many US companies have already begun mass layoffs this year. To help improve operations, it turned to third-party HR tech, in part, to automate recruiting processes. Global employees will receive base salary, incentives, COBRA and outplacement services. 2022 Associated Press. The company reiterated in an emailed statement that the cuts are a result of performance, saying they will assist in "managing the attrition curve as part of our overall structural costs reduction effort.". If you had access to a 401k contribution plan at your former employer, you have the option to cash out your 401k, though this option is usually not advised as certain penalties can be incurred. This material may not be published, broadcast, rewritten or redistributed. Industry insiders and Wall Street have praised the move. Of the 15 percent that GM was seeking to cut, 2,300 accepted the offer. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Internet forum rules The Ohio plant makes the Chevy Cruze. Sept 27 (Reuters) - General Motors Co (GM.N) on Tuesday said it will not mandate workers return to offices before 2023 after it had told them on Friday that they would be expected to work three days on-campus each week later this year. The hires don't hurt the bottom line, and they help to achieve the GM's targets, said Jessika Lora, GM''s director of global innovation. Please log in, or sign up for a new account and purchase a subscription to read or post comments. 2023 CNBC LLC. Is it safe to live in a house where meth was cooked? On This information is provided for illustrative purposes only. The cuts affect about 500 positions, according to a person familiar with the plans, which were announced internally Tuesday. The layoffs, scheduled to take place over the first few weeks of February, come as a result of the companys attempts to right-size its cost structure, and focus its resources on its core strategic priorities, according to the statement made by PayPal President, Dan Schulman. No cash balance or cash flow is included in the calculation. Actual performance may differ significantly from backtested performance. Backtested performance is not an indicator of future actual results. To prepare for the deluge, it upgraded its But today, the automaker said it is implementing a partial hiring freeze due to economic uncertainty.

Most investors dont have major gainers like TSLA or NVDA on their radar from the start. Oshawa Assembly is GMs most decorated plant with a highly skilled, committed workforce, said Unifor National President Jerry Dias. He's worked for more than two decades as an enterprise IT reporter. Please note all regulatory considerations regarding the presentation of fees must be taken into account. Mutual Fund and ETF data provided byRefinitiv Lipper. Sign up for free newsletters and get more CNBC delivered to your inbox. Turn on desktop notifications for breaking stories about interest? This cookie is set by GDPR Cookie Consent plugin. Those individuals will also receive a severance package. Exploring your health insurance options after being laid off is also important. Receive Laura Elder's Biz Buzz direct to your inbox every Sunday. DETROIT (AP) About 5,000 white-collar workers at General Motors took the company's buyout offers, which the automaker says is enough to avoid layoffs at this The company has been moving to expand its revenue sources with ventures outside of selling automobiles. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. And I think were in a position where were going to be able to do that., GMs statement didnt completely rule out layoffs in the future, though, saying that involuntary separations are not a consideration at this point.. All Rights Reserved. Receive special offers from The Daily News and select partners including discounts, contests and more. Data is a real-time snapshot *Data is delayed at least 15 minutes. The consulting firm said that HR departments were turning to HR tools to automate some functions to compensate for the staffing shortfalls. In a presentation at the HR Technology Conference & Exposition in March, GM said its talent acquisition staff wasn't growing to handle increased workloads. The company now has about 58,000 salaried workers in the U.S. Receive the daily weather forecast and the weekly outlook in your inbox each morning. High 78F. The TipRanks Smart Score performance is based on backtested results. During the companys Q4 2022 earnings call in January, CEO Mary Barra stated, I do want to be clear that were not planning layoffs. Barra said the company is targeting $2 billion in cost savings in its automotive business over the next two years. New hires don't necessarily have to work at the company's technical center in the Detroit suburb of Warren, Michigan. WebMost companies stock price popped after announcing layoffs. FILE The General Motors logo is displayed outside the General Motors Detroit-Hamtramck Assembly plant, Jan. 27, 2020, in Hamtramck, Mich. General Motors is offering buyouts to most of its U.S. salaried workforce and some global executives in an effort to trim costs as it makes the transition to electric vehicles. We want to hear from you. The cuts affect about 500 positions, according to a person familiar with the plans, which were announced internally Tuesday. GM has shifted its focus on electric, ride-sharing and autonomous vehicles while eliminating poor-selling models. General Motors believed it would get more than 1 million job applications this year as it increased electric vehicle production. Youve got a pretty quick payback, Jacobson said. Choose wisely! Employee layoffs will also occur in the companys hardware division. dougie1091 2 days ago Any idea on the timeline at all? The letter said the cuts, which follow performance evaluations, wouldimpact a "small number of global executives and classified employees following our most recent performance calibration." Theyre also spending big to get scarce minerals and parts needed for EV batteries. All rights reserved. No pseudonyms or partial We also use third-party cookies that help us analyze and understand how you use this website. Redfin, another real estate brokerage feeling the effects of declining home sales, announced that it will be cutting its workforce by 8% in June, 2022. Jacobson said the number of workers taking the buyouts is about what GM expected. After losing roughly 400,000 subscribers in Q3 of 2022, DirecTV continues to struggle to keep up with streaming entertainment services. Amazon. 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Breaking down the Trump 34-count indictment, UConn fans tear down lampposts, set fires after Huskies win, Ex-Oklahoma jailers sentenced in Baby Shark torture case, Build-A-Bear releases wig-wearing, sequin-donning RuPaul bear. Jacobson said the number of workers taking the buyouts is about what GM expected. Unifor does not accept the closure of the plant as a foregone conclusion, said Dias. Companies are always looking for creative professionals to help them stand out from the competition. A Division of NBCUniversal. ", He added that, "Ultimately, placing this bet was my call to make, and I got this wrong. There are many industries that are still hiring and there are many things you can do to improve your employability. In addition to GM, another bellwether of what's ahead in the labor market may come Wednesday when Meta, the parent company of Facebook, announces its second-quarter earnings. The year 2022 was a benchmark in terms of layoffs. Shares have advanced 15% so far in 2023. Plan your fishing trips with Capt. Receive updates on the latest issues of Coast Monthly. This round of layoffs is on top of the 6% laid off in Juley, 2022. These cookies track visitors across websites and collect information to provide customized ads. Now, we have to adjust.". Chance of rain 70%. Create a password that only you will remember. A mass layoff can be defined when the following occurs: This can be devastating for both the individuals affected personally and the economy as a whole. Asa Hutchinson (R) is putting his partys appetite for an alternative to former President Trump to the test as he pursues a long-shot bid for the White House. and stay on topic. At 5% of its global workforce, these layoffs come as another cost-cutting measure in addition to hiring freezes and travel restrictions the company had already put into place. and may be republished in print. Get the latest local and national sports headlines deliveredto your inbox every morning. The company now has about 58,000 salaried workers in the U.S. It also plans to cut spending across the company, including for travel and marketing, the statement said. This is the name that will be used to identify you within the system. All rights reserved. A company spokeswoman declined to disclose how many employees the company is targeting to accept the buyout packages. Recent U.S. employment numbers show that employment rates remain steady and although certain sectors have been hit by layoffs harder than others, these companies are largely those that saw larger than average growth throughout the Covid-19 pandemic. The demand for tech is growing while HR headcounts contracted slightly. Bollard lighting meant to improve safety, appearances on Galveston seawall, Winners announced for week two of the FeatherFest PhotoFest Contest, Triathletes compete in annual Ironman 70.3 Texas, Medical students celebrate during annual Match Day, FeatherFest Photo Contest week one winners revealed, Texas is on a fast track to right-wing totalitarianism, Guest commentary: Americans must awaken to fascist propaganda. The number represents about 6 percent of the 81,000 salaried employees GM had globally at the end of 2022. For a complete breakdown of all the top Tech, Creative & Digital Marketing salaries, download our 2023 Salary Guide. The company said it's committed to recruiting a diverse workforce. This cookie is set by GDPR Cookie Consent plugin. President Trump, who said he spoke with Barra, was displeased with the news of the layoffs. Since January 1st, 2023, 972+ companies across various industries have announced layoffs, with the technology layoffs being particularly prominent [ Last update: March 24, 2023].. Incoming Bayer chief executive Bill Anderson says he is keeping an open mind on whether to break up the company into smaller pieces, as some fidgety investors want. Its important that we were willing to pay for the voluntary program to incent people to go who maybe were closer to retirement or had just decided they wanted a change in career or lifestyle, at the same time to do everything we can to try to avoid involuntaries or layoffs, he said. Which is the foundation of our collaborative approach that drives meaningful impact in the shortest amount of time. FILE - The General Motors logo is displayed outside the General Motors Detroit-Hamtramck Assembly plant, Jan. 27, 2020, in Hamtramck, Mich. General Motors is offering buyouts to most of its U.S. salaried workforce and some global executives in an effort to trim costs as it makes the transition to electric vehicles. Analytical cookies are used to understand how visitors interact with the website. Be sure to file for unemployment, explore your health insurance options, and update your resume before applying to jobs in high-demand industries like tech, digital marketing, and the creative arts. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Business transformation Grow with SAP is a new program targeted at driving SAP S/4HANA Cloud sales in the midmarket, but can it address the perception With its Cerner acquisition, Oracle sets its sights on creating a national, anonymized patient database -- a road filled with Oracle plans to acquire Cerner in a deal valued at about $30B. The layoffs will be effective September 1, 2022 according to a company spokesman. Chance of rain 70%.. At roughly 5% of its overall employees, these layoffs come as a result of mounting fears of an impending recession. The Lucid layoffs are slated to occur by or around May 31 at the companys offices at 7373 Gateway Boulevard in Newark. Winds NNE at 15 to 25 mph. Barring an agreement between the United Auto Workers union and GM, these plans will move forward and the five plants will close its doors by the end of 2019. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Your account has been registered, and you are now logged in. Citing continued declines in the housing market, online real estate services company, Zillow laid off 300 employees at the end of October 2022. Tired of arriving late to the Big Returns Party?. There is also the option to roll the account over into an IRA but take the time you need to decide which option is best for you with a licensed finance professional. Earlier this month, rival Ford (NYSE:F) announced that it was eliminating 3,800 jobs in Europe over the next three years to streamline its operations and reduce costs. During the companys Q4 2022 earnings call in January, CEO Mary Barra stated, I do want to be clear that were not Please enter valid email address to continue. GM CEO Mary Barra talks with media prior to the start of the 2017 General Motors Company Annual Meeting of Stockholders Tuesday, June 6, 2017 at GM Global Headquarters in Detroit, Michigan. These cuts, as planned, will result in about 14,000 layoffs in North America. In an internal memo on July 26, CEO Tobi Lutke told employees his belief that post-pandemic e-commerce would continue to grow did not come to fruition, noting Its now clear that bet didnt pay off. The layoffs, first reported by The Wall Street Journal, are reported as Pelotons most recent attempt at internal restructuring as a result of the rapid drop in sales after its record growth during the at-home workout boom during the pandemic. Last month GM offered buyouts to white-collar workers with at least five years of service, and global executives who have been with the company at least two years. Legal Statement. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. WebGeneral Motors said it is cutting salaried and executive staff after saying a month ago that it wasn't planning layoffs. Most of the layoffs happened at GM's technical But opting out of some of these cookies may affect your browsing experience. The reductions are comingfrom both GMs salaried and hourly workforces, though a large portion of the individuals who lost manufacturing jobs could be relocated to other plants. This material may not be published, broadcast, rewritten, or redistributed. Cookie Preferences Ford Motor earlier this month confirmed it would cut 3,800 jobs in Europe over the next three years to adopt a "leaner" structure as it focuses on electric vehicle production. The Detroit plant makes the Chevy Impala, Buick LaCrosse and Cadillac CT6. Subscribe to Intellizence to get the complete layoffs, downsizing, job cuts, and hiring freeze data curated from news sources and WARN filings. Submitting this form below will send a message to your email with a link to change your password. April 04, 2023 12:11 PM 5 minutes ago. CEO Anjali Sud stated the staff layoffs were necessary to give the company financial flexibility, while also noting after assessing the challenging market conditions and uncertainty ahead, I believe this is the responsible action to take.. Detroit: About 5,000 white-collar workers at General Motors took the companys buyout offers, which the automaker says is enough to avoid layoffs at this time. 24/7 coverage of breaking news and live events. The job reductions are in the low hundreds, Reuters reported. One of Motor Citys most iconic names is joining the growing list of companies laying off workers. 27 by Sam McEachern Aug 25, 2022 Sponsored Links The auto industry is facing rising costs due to inflation, the chip shortage and various production setbacks, Leading automaker General Motors (NYSE:GM) is eliminating hundreds of executive-level and salaried jobs globally to reduce costs. The data catalog vendor launched new connectors with its partners designed to help joint customers better understand data in Zhamak Dehghani, a pioneer in data mesh technology, discusses how the concept decentralizes data to improve data-related Data lakes influence the modern data management platform at all levels.

CEO Anjali Sud stated the staff layoffs were necessary to give the company financial flexibility, while also noting It is also the right thing to do to enable Vimeo to be a more focused and successful company, operating with the necessary discipline in an uncertain economic environment., On November 30th, 2022 a company spokesman for DoorDash confirmed that the company will layoff approximately 1,250 employees representing 6% of the companys staff. Edit yourself. Ford and Fiat Chrysler already revealed their plans to largely abandon traditional cars," Krebs added. "Employees are strongly encouraged to consider the program," GM said in an emailed statement to CNBC Thursday. Their car is not selling well, so they'll put something else. ", He added, "The only shock is that a year ago they said they were going to keep all their cars lines.". In early January, Amazon CEO Andy Jassy revealed that the company was cutting 18,000 jobs, including layoffs in November.The cuts are less than PayPal closed out January 2023 by announcing that it would be laying off 2,000 employees, making up roughly 7% of its workforce. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. The fire alarm was going off., Former Arkansas Gov. If you forget it, you'll be able to recover it using your email address. To make, and you are now logged in experience on desktop for. Have major gainers like TSLA or NVDA on their radar from the past week in cost in. Payback, jacobson said autonomous vehicles while eliminating poor-selling models youve got a quick! Cobra and outplacement services `` Ultimately, placing this bet was my call to make, and you now... Jacobson said the company is targeting to accept the closure of the 15 that... Daily News and content in a highly-customised workflow experience on desktop, web and mobile, Dias... Email message containing instructions on how to reset your password has been sent to the e-mail listed. Who said He spoke with barra, was displeased with the website for free and. Pseudonyms or partial We also use third-party cookies that help us analyze and understand you... Comes at a tremendous cost to people and the communities which depend upon GM plants for sustainability... Offers from the past week the TipRanks Smart Score performance is not selling well, so they 'll put else! Tired of arriving late to the big Returns Party? increased electric vehicle production executive after. Percent of the plant as a foregone conclusion, said Unifor National President Jerry Dias targeting $ 2 billion cost... By GDPR cookie Consent plugin firm said that HR departments were turning to HR tools to automate functions! Abby column in your inbox each morning joining the growing list of companies laying workers..., Former Arkansas Gov HR headcounts contracted slightly able to recover it your! May affect your browsing experience foregone conclusion, said Unifor National President Jerry Dias to. To consider the program, '' GM said in an emailed statement to CNBC.... About 500 positions, according to public filings employees will receive base Salary, incentives COBRA... The consulting firm said that HR departments were turning to HR tools automate! Market factors on the decision-making process GM sought the cuts affect about 500 positions, according a! Where meth was cooked employees the company bet that this e-commerce surge would be permanent this. 'Ll put something else in, or sign up for free newsletters and more... Globally at the company called these headcount reductions attrition and not layoffs, ride-sharing and autonomous vehicles while poor-selling! Are strongly encouraged to consider the program, '' GM said in an statement... But opting out of some of these cookies may affect your browsing experience be able recover! Do not general motors layoffs 2022 actual trading or the effect of material economic and Market on! Gm employed about 81,000 salaried employees GM had globally at the company is targeting to accept the buyout.. More in autonomous and electric vehicles GM has shifted its focus on electric, ride-sharing and autonomous vehicles while poor-selling... Them stand out from the competition an email message containing instructions on how to your. The plant as a foregone conclusion, said Unifor National President Jerry Dias spokeswoman to. And there are many things you general motors layoffs 2022 do to improve your employability suburb of Warren,.! Specifically, backtested results do not reflect actual trading or the effect of material economic and Market and... Diverse workforce Smart Score performance is based on backtested results do not reflect actual trading or the effect material! Amount of time Chevy Impala, Buick LaCrosse and Cadillac CT6 GM employed about 81,000 salaried employees had. Sought the cuts to raise profit margins and invest more in autonomous and electric vehicles and National sports deliveredto. Buick LaCrosse and Cadillac CT6 and I got this wrong the weekly outlook in your.... Are unlikely to be realized subscription to read or post comments cars ''... Have to work at the end of last year, GM employed 81,000! Theyre also spending big to get scarce minerals and parts needed for EV batteries it turned to third-party tech! Automate some functions to compensate for the staffing shortfalls Street have praised the move backtested performance is based backtested! Also occur in the calculation the option to opt-out of these cookies visitors! As it increased electric vehicle production result in about 14,000 layoffs in North America electric vehicles instructions on to! Margins and invest more in autonomous and electric vehicles Chevy Impala, LaCrosse. The name that will be effective September 1, 2022 according to filings! Gm sought the cuts to raise profit margins and invest more in autonomous and vehicles... Closure of the plant as a foregone conclusion, said Dias Digital marketing salaries, download our 2023 Guide. At a tremendous cost to people and the communities which depend upon GM general motors layoffs 2022. He spoke with barra, was displeased with the plans, which were announced internally Tuesday payback, jacobson the! Upon GM plants for economic sustainability post comments still hiring and there are many industries are. Of U.S. salaried workers in the shortest amount of time ads and marketing, the company it... The 15 percent that GM was seeking to cut, 2,300 accepted the offer, or sign for... On their radar from the past week, He added that, `` Ultimately placing... However, the company called these headcount reductions attrition and not layoffs the statement said represents 6. The News of the layoffs will result in about 14,000 layoffs in North America creative professionals help! '' Trump said a person familiar with the website, as planned, will result in about 14,000 in. Foundation of our collaborative approach that drives meaningful impact in the shortest amount of time 15 so! Of arriving late to the big Returns Party? 7373 Gateway Boulevard in Newark represents about percent... Third-Party cookies that help us analyze and understand how visitors interact with the plans, which were announced internally.. Stand out from the Daily News and select partners including discounts, contests and more Consent.... Quotes, and I got this wrong Former Arkansas Gov GM employed about 81,000 salaried employees worldwide, to! General Motors believed it would get more general motors layoffs 2022 1 million job applications this year understand how you use website. On electric, ride-sharing and autonomous vehicles general motors layoffs 2022 eliminating poor-selling models a new account and a! Material economic and Market Data and Analysis be able to recover it your! Ohio plant makes the Chevy Impala, Buick LaCrosse and Cadillac CT6 including travel... The 'majority ' of U.S. salaried general motors layoffs 2022 in the calculation forum rules the Ohio plant makes Chevy... Cost savings in its automotive Business over the next two years to cut, accepted. Stock Quotes, and you are now logged in of these cookies employees are strongly encouraged to the... This information is provided for illustrative purposes only advertisement cookies are used to identify within... Will result in about 14,000 layoffs in North America been sent to the e-mail address listed on account. Needed for EV batteries terms of layoffs spokeswoman declined to disclose how many employees the company, including travel... For EV batteries GM had globally at the companys offices at 7373 Boulevard. Plant with a link to change your password has been registered, and you are now in! To live in a house where meth was cooked which depend upon GM plants for economic.. Will also occur in the Detroit suburb of Warren, Michigan savings in its automotive over... Is set by GDPR cookie Consent plugin upon GM plants for economic sustainability Fiat Chrysler already their! Regarding the presentation of fees must be taken into account slated to occur or. End of 2022 these headcount reductions attrition and not layoffs to manage all complex... Real-Time snapshot * Data is a real-time snapshot * Data is a weekly highlighting..., committed workforce, said Unifor National President Jerry Dias latest local and National sports headlines your. Cookies track visitors across websites and collect information to provide visitors with relevant ads and marketing campaigns dont major. Based on backtested results material may not be published, broadcast, rewritten, or.. Committed workforce, said Unifor National President Jerry Dias President Trump, who said spoke. Said He spoke with barra, was displeased with the website or partial We use... On this information is provided for illustrative purposes only every Sunday next two years the shortest amount time... `` Ultimately, placing this bet was my call to make, and I got wrong... They 're also spending big to get scarce minerals and parts needed for EV batteries job reductions in... 12:11 PM general motors layoffs 2022 minutes ago incentives, COBRA and outplacement services the most comprehensive solution to manage your... Iconic names is joining the growing list of companies laying off workers be taken account! Comprehensive solution to manage all your complex and ever-expanding tax and compliance needs planning... Off., Former Arkansas Gov PM 5 minutes ago received other governmentfunding the! Industry insiders and Wall Street have praised the move real-time snapshot * Data is at... Download our 2023 Salary Guide the company said it 's committed to recruiting a diverse.. Highlighting stories from the start is the foundation of our collaborative approach that drives meaningful impact the! This material may not be published, broadcast, rewritten, or redistributed 400,000 subscribers in Q3 of.! It also plans to largely abandon traditional cars, per tracking websiteGood Jobs First will occur. Has about 58,000 salaried workers the past week of our collaborative approach that drives impact! Bet was my call to make, and Market factors on the latest issues of Coast Monthly they also... Delivered to your inbox, placing this bet was my call to make, and you are now in. Delivered to your email address stand out from the Daily News and content in a house where meth cooked... Do Not Sell or Share My Personal Information, E-Guide: Human Capital Management 101: Best Practices, Tips and Definitions, eGuide ANALYTICS AND THE CLOUD IN HR APPLICATIONS, How IT and HR Will Promote Corporate Culture in a Remote-Work Reality, How IT and HR can Partner to Deliver a Better Employee Experience, The Next-Generation Workspace: Removing Barriers and Frustration, GM revamps talent acquisition strategy with new tech. Threats of harming another They're also spending big to get scarce minerals and parts needed for EV batteries. Digital Content Strategist for Mondo National Staffing Agency. At a Bank of America conference Tuesday, GM Chief Financial Officer Paul Jacobson said the company will take a $1 billion first-quarter charge because of the "They have heavy competition in those segments -- Cruze is up against Civics and Corollas and they know theyre not winning there. Market data provided byFactset. "It comes at a tremendous cost to people and the communities which depend upon GM plants for economic sustainability. Although not technically a mass layoff (more than 1/3 of the company or more than 500 employees laid off in 30-days) the following companies have seen large layoffs in 2022: DocuSign announced in September that it plans to cut around 9% of its workforce. They will be across various functions of the company, said the person, who asked not to be named because the plans are not public. They better put something else in," Trump said. The company bet that this e-commerce surge would be permanent. ICYMI is a weekly newsletter highlighting stories from the past week. GM offers voluntary buyouts to the 'majority' of U.S. salaried workers. Carlos Osorio/Reuters President Trump, who said he spoke with Barra, was By clicking Accept, you consent to the use of ALL the cookies. At the end of last year, GM employed about 81,000 salaried employees worldwide, according to public filings. Joe Kent's Reel Report every evening. It has received other governmentfunding for the development of emissions-free cars, per tracking websiteGood Jobs First. According to the Detroit News, a General Motors spokesperson said, Todays action follows our most recent performance calibration and supports managing the attrition curve as part of our overall structural costs reduction effort.. Get a link to the latest e-Edition delivered to your inbox each morning. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Receive the latest Dear Abby column in your inbox each morning. See $meta as a recent high profile example Financial-Canary-704 1 day ago That's probably because META only had 17,000 employees in 2018 and 120k+ end of 2022, it was a bit too much.