Automotive Dive’s Post

In 2024, slower-than-expected sales of gas-powered and fully electric vehicles led automakers to scale back production, resulting in industry-wide job cuts. These layoffs affected EV producers, technology startups, and established OEMs, impacting roles across all levels—from hourly assembly line workers represented by the United Auto Workers to executives and salaried employees. However, in 2025 the automotive industry forecast suggests that layoffs may continue, albeit at a potentially slower pace, as automakers focus on stabilizing production levels and aligning with market demand. #CEO #ai #aiadvancements #aiadoption #digitaltransformation #ceoguide #ceotips #ceotalk #ciocommunity #cioinsights #ceo #leadershipadvice #leaders #leadership #jobalerts #jobforyou #jobhiring #job #jobapportunity #jobavailable #hiring #layoff #jobboard #jobalert #jobchangers #layoffs2023 #layoff2024 #lookingforajob #lookingfornewopportunities #lookingfortalent #lookingforemployment #lookingahead #lookingforwork https://lnkd.in/e_v3BWWK

General Motors is making significant cuts to its workforce as part of a cost-saving initiative. Learn more about the impact of these layoffs on the automotive industry and the company's future plans. Read here: https://lnkd.in/esvSict6 #GM #GeneralMotors #Layoffs #Automotive #Business

Don't have time to read the article "Mounting auto industry layoffs in Michigan underscore rocky EV transition" from Crain's Detroit Business? Here's everything you should know summarized. - Despite significant automotive-related layoffs and shift cuts in Michigan, the state's economy remains robust, reflecting a curious dynamic amid industry upheaval. - Layoffs within Detroit's automotive sector are influenced by costly UAW contracts and sluggish electric vehicle (EV) sales, amidst a global EV competition led by China. - General Motors Co. and Stellantis NV have issued layoff notices affecting thousands of employees, citing delays in electric vehicle production and the need for workforce adjustments. - Ford Motor Co. has reduced shifts at the Rouge Electric Vehicle Center, impacting around 1,400 workers, despite overall growth in light vehicle sales. - Industry volatility is evident as automakers adjust staffing based on evolving demand signals, including transitioning to leaner operations and investing in hybrid facilities. - Michigan's labor market remains strong with historically low unemployment rates, yet layoffs occur due to skill mismatches and evolving workforce demands. - Despite a rise in light vehicle sales, EV adoption has slowed, leading to production adjustments and delays in EV assembly plants. - Auto parts manufacturers face challenges due to production delays and volume cuts, resulting in layoffs across the supply chain, although recent jobless claims have decreased. - Auto supplier layoffs, not fully reflected in unemployment data, indicate a trend of workers leaving the industry for opportunities with better wages and benefits, such as those offered by Amazon. - Overall, economic indicators such as increased light vehicle sales and job growth suggest stability, with layoffs driven more by workforce adjustments than financial difficulties.

Opinion | The Real Green Energy Transition: Auto Maker Layoffs Stellantis is set to lay off 2,450 production workers in Michigan as it transitions to electric vehicles by replacing classic Ram trucks with EVs. This move signifies a significant shift towards sustainable energy practices in the automotive industry. #jobs #autos #carssales #layoffs #evs Read more: https://flip.it/7tWcWm

General Motors (GM) has reportedly cut 1,000 jobs as part of its ongoing efforts to reduce costs while boosting sales in its unprofitable electric vehicle segment. This follows a previous round of layoffs earlier this year, which targeted the company’s software and services division and impacted over a thousand employees. Additionally, approximately 5,000 salaried workers and executives accepted voluntary buyout offers last year.   Meanwhile, the union representing Volkswagen (VW) has announced that the company plans to close three factories and lay off tens of thousands of workers.   With companies striving to cut billions in costs, more layoffs are likely on the horizon.   Is your job secure from these waves of layoffs? Perhaps it’s time to explore stepping away from the corporate grind and into business ownership, where you can take control of your future. Let’s talk about the opportunities available to you—give me a call or schedule a time to chat today. #layoffs #masslayoffs #layoffs2024 #wsj #wallstreetjournal #thewallstreetjournal #jobsecurity #jobmarket

Automakers are experiencing layoffs, falling sales, and increased competition from Chinese carmakers, leading to profitability concerns and a need for technological adaptation. Visit https://lnkd.in/dJcNbhhj to know more about this #automakers #SupplyChainDisruptions #layoffs #ChineseCarmakers #profitability

General Motors (GM) aims to reduce fixed costs by $2 billion this year as it faces declining U.S. sales, worsening business conditions in China, and a strategic shift in its aggressive push for electric vehicles due to slower-than-anticipated consumer adoption. Part of this reduction will be letting go of around 1,000 employees to cut costs and adjust priorities in response to changing market conditions. The layoffs impacted various departments. According to CNBC, some were due to performance issues, while others were part of a strategic reorganization. The majority of those affected were located at the company’s global technical center in Warren, Michigan, near Detroit. A small number of hourly workers were also included in the layoffs. #gm #layoffs #reorganization #costcutting

What is happening for automakers worldwide? Part 1. We see layoffs, CEO terminations, plant closures, strikes, salary cuts, and so on. Is all of this because the Chinese have invaded the car industry? Every day, I read articles or reports from professionals debating the current situation, most of them insist that the problem is caused by Chinese vehicles, while governments are seeking measures to combat Chinese vehicles. But will it work? Instead of battling or looking for reasons and excuses, decision-makers in giant automakers should revert to basics and realize that customers are becoming less interested in brand names as they seek better value for their money. #VW #Stellantis #Nissan #VW #Toyota #BYD #Automotive #Chineseautomakers #Automakers

"Automotive companies across Europe have announced plant closures and big layoffs as they struggle with weak demand, high costs, competition from China and a slower-than-expected transition to electric vehicles." https://lnkd.in/e7TcjfAr

General Motors (GM) has made significant workforce adjustments, cutting over 1,000 jobs globally, with approximately 600 of those layoffs centered around its Detroit headquarters. The primary impact falls on GM’s software and services division. These changes come in the wake of a recent leadership shakeup, including the departure of former Apple executive Mike Abbott. GM emphasizes that these measures are not merely cost-cutting but rather an effort to streamline operations for greater efficiency. As the automotive industry navigates challenges related to electric vehicles and software-defined technologies, automakers like GM are making strategic choices to position themselves for the future. It’s a pivotal moment for GM as they shape their path forward. Thoughts?