GM

GM Spent Double What Job Cuts Will Save on Stock Buybacks
GM Spent Double What Job Cuts Will Save on Stock Buybacks

When General Motors (GM) announced Monday it was slashing up to 14,000 jobs and pulling the plug on five manufacturing plants, the company backed the extensive cuts with long-term savings’ figures. According to GM, the cuts would release $6 billion in cash and yield a net savings of $4.5 billion by 2020. However, the company…

GM Job Cuts Reflect Shift in Workforce Demands
GM Job Cuts Reflect Shift in Workforce Demands

As a longtime staple of American culture that even once proclaimed itself the “heartbeat of America,” it’s easy to forget that, at its core, General Motors (GM) is a technology company. However, the company’s recent move to offer voluntary buyouts for nearly 18,000 of its older salaried workers highlights an inherent organizational shift to younger…