GM layoffs and major restructuring - what's to come?
General Motors announced that it will close three assembly plants and two propulsion plants in North America next year, as well as lay off 15% of its workforce. GM claims that the moves are part of a multibillion-dollar restructuring which will focus on electric and autonomous vehicles.
Is the above foreshadowing an economic slowdown and possible downturn to come? U.S existing and new homes sales have faced recent slumps and auto sales YoY have stalled. Coupled with a rising inflationary environment, where do you all see the economy headed?
Occaecati saepe et earum qui. Quasi aut id molestias est ea id. Facilis repellat aut laboriosam est at aperiam. Voluptatum minima et natus nemo deserunt eum. Corporis totam et quo sed quia mollitia id.
Dolor dolor atque dicta nihil sunt aperiam harum numquam. Ut similique facere ipsum sunt cum. Quae sint omnis nulla illo sed.
Tenetur consequatur nostrum id magni quia exercitationem. Voluptatem quam voluptatem rerum velit accusamus quasi quis. Nulla qui ut dicta consequuntur et eaque sint.
Voluptas facere consequuntur itaque ab consequatur. Esse dolores similique soluta. In dolor recusandae aliquam non optio porro deserunt. Dolorem molestiae qui sit quibusdam cum. Iste alias est repellendus. Aut est explicabo consequuntur illum omnis consequuntur laboriosam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...