General Motors (GM) is laying out its plan to extract $2 billion in cost savings, and reductions in its labor force will be a big part of it. “This voluntary program offers eligible employees an oppor...
Tag: salaried
GM offers buyouts to ‘majority’ of U.S. salaried workers
Mary Barra, CEO of General Motors at the NYSE, November 17, 2022. Source: NYSE DETROIT – General Motors will offer voluntary buyouts to a “majority” of its U.S. white-collar employees, as ...
Stitch Fix CEO steps down, 20% of salaried workforce to be cut
Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix founder Katrina Lake on Thursday told employees the company will be cutting 20% of its salaried workforce and she will reassume her post ...
1,000 salaried Ford workers retire after pension warning from automaker
DETROIT – Retirement-eligible salaried employees at Ford were warned and advised about retiring this year to maximize a lump sum pension payment. The company confirmed Wednesday that approximately 1,0...
Ford Plans to Cut Several Thousand Salaried Jobs
Ford Motor Co. is planning to cut several thousand white-collar workers as it looks to trim costs to position the company for a long-range transition to electric vehicles, according to people familiar...
Ford cuts 580 U.S. salaried, agency workers as it restructures for EVs
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT – Ford Motor is cutting 58...
Home Depot cut its overall workforce but boosted salaried employees by 20% last year
Home Depot Inc. HD, -1.62% disclosed that it cut its overall workforce by 2.8% in the fiscal year ended Jan. 30, 2022, while increasing the number of salaried employees by 19.9%. In the home improveme...