GM workers speaking out on this week’s layoffs.
“‘We were all used as stepping stones, to build exceptional products, industry-first tech and leapfrog our competitors,’ a product manager affected by GM’s cuts wrote on LinkedIn. ‘All for what? A pat on the back and “good job”.’
The Detroit automaker’s layoffs affected workers around the world, including some 600 workers in Warren, Michigan, where GM has a tech campus home to more than 21,000 staffers. Impacted workers were notified on Monday morning, CNBC reported . . .
Monday’s cuts come after GM reported a better-than-expected second quarter, with revenue of $47.9 billion and net income of $2.9 billion, beating estimates. Adjusted pre-tax income came in at $4.4 billion for the April to June period. The company also raised its expected adjusted earnings for the year to between $13 billion and $15 billion, up from $12.5 billion to $14.5 billion, and raised targets for operating cash flow and earnings per share.
‘We are nothing but numbers to them, fat to be trimmed off in the pursuit of the almighty dollar,’ one laid-off worker wrote, before citing GM’s strong earnings. ‘We were not even given the common decency to say goodbye, just thrown onto the curb like useless trash.'”
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