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Stock impact report

Layoffs Through Text And Email Are Becoming A Reality For Workers [Forbes]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: Forbes
There's an ongoing debate about balancing efficiency with empathy in layoff procedures, as companies move toward digital communications for conducting workforce reductions. General Motors recently terminated an engineer with over 20 years of experience through a text message that instructed him to check his email for a formal termination notice, the Wall Street Journal reported. The automotive giant announced the layoff of approximately 1,000 employees last month as part of its efforts to reduce expenses and realign its focus in response to evolving market conditions. “In order to win in this competitive market, we need to optimize for speed and excellence,” said Kevin Kelly, a spokesperson for GM, in an emailed statement. “This includes operating with efficiency, ensuring we have the right team structure, and focusing on our top priorities as a business. As part of this continuous effort, we've made a small number of team reductions. We are grateful to those who helped establi Show less Read more
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