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General Motors hits the brakes on jobs: a software reboot gone wrong? ⬇ 🚗 GM has announced layoffs affecting 1k salaried employees in its global workforce, hitting the software and services division hard. Around 600 employees at GM’s tech campus near Detroit will be impacted. 💻 The layoffs come as GM aims to "simplify for speed and excellence," prioritizing investments with the greatest impact. The affected division includes teams working on vehicle infotainment, OnStar services, and the Super Cruise driver-assist system. ⚙️ GM has faced software challenges recently, notably with the Chevy Blazer EV, which experienced infotainment and charging issues that led to a stop-sale notice. Though resolved, the incident highlighted the automaker’s ongoing struggles in its push to make its Android-based infotainment a true competitor to Apple CarPlay and Android Auto. 🛑 The cuts also follow GM’s decision to cancel its Ultra Cruise project, merging it with the Super Cruise team. GM aims to expand its hands-free driving system by 2025, but with Ford’s BlueCruise gaining ground, the road ahead looks competitive. 💬 GM’s software struggles echo similar challenges faced by other automakers, like Volkswagen’s difficulties with its Cariad software unit. It’s clear that the race to develop cutting-edge automotive software is proving tough for many. The question now is whether GM and its peers can overcome these hurdles without stalling innovation! #ev #software #tech #automotive

Ford, General Motors, and Stellantis plan to slash thousands from their workforce in the coming months. Volkswagen has announced plans to shutter three of its factories in Germany, which could come with massive layoffs. #Layoffs #Ford #GeneralMotors

Nissan's Nosedive: Can One Person Really Change Everything? 9,000 jobs slashed, over $5B in debt—Nissan is hitting the brakes hard! 🛑 Remember Carlos Ghosn? Once celebrated as the savior who turned Nissan around, his fall from grace was as dramatic as his rise. Accusations, scandals, and a swift exit. Now, Nissan is struggling—massive layoffs, financial trouble, and a shaky market presence. Coincidence? Or consequence? 🤔 Is it time for Nissan to rethink its course? The road ahead doesn't look smooth, and the journey will require more than just bold moves. 🚧 Leadership isn't just about steering; it's the engine that powers success or failure. Sometimes, decisions based on incomplete or flawed information can steer even the mightiest organizations off course. Nissan's current struggles serve as a reminder: pride and poor judgment can cost dearly. Sometimes, a U-turn is the wisest move. The path of business is unforgiving, yet course correction is always an option. True strength lies in acknowledging missteps. 🔁 Even industry giants can fade. Karma has a way of catching up. Steer wisely. Transformation begins with a single, bold decision. 🚀 #LeadershipMatters #DecisionsHaveConsequences #CorporateLessons #CorporateDrama #Resilience

🔥 Myth Buster: Is Tesla's Supercharging network at risk after employee layoffs? 🚫 Myth: Recent layoffs in Tesla's Supercharging team signify trouble for the company's charging network. 💡 Fact Check: - Tesla reached agreements with major automakers (e.g., GM, Ford) to use their Supercharger stations. - Layoffs were specific to the construction team responsible for new charging stations. - Tesla remains committed to expanding and improving its charging network. - The move aligns with the company's focus on improving productivity and cost efficiency. - Tesla's Supercharging network continues to evolve, enabling convenient charging for electric vehicle users. 🔍 Reasoning: Layoffs in the Supercharging team were strategic, aimed at streamlining operations and optimizing resources. Tesla's partnerships with other automakers further strengthen their charging network by making it more accessible to a wider range of electric vehicles. ⚡ Opinion: This move reflects Tesla's adaptability and determination to lead in the EV industry. The Supercharging network remains a vital part of Tesla's ecosystem, ensuring convenient and sustainable driving experiences. #ElectricVehicles #TeslaCharging #EVInfrastructur #ElectricVehicles #TeslaCharging #EVInfrastructure #ReachifyMe

ANZ Automotive News 07-08-2024 - Part 3: Global Automotive Updates 🌐 👉 Turbulent times at Tesla: Mass layoffs, slow sales and suspected arson -Yahoo News Australia: Tesla is facing a series of challenges, including mass layoffs, declining sales, and a suspected arson incident. These issues add to the growing concerns about the company's operational stability and future prospects. https://lnkd.in/gjKgeT2d 👉 Ferrari is killing off these five models - CarExpert Ferrari is phasing out five of its core models as part of a strategic overhaul. Despite the discontinuation, the Italian luxury brand continues to report strong sales, indicating a shift towards new and innovative models. https://lnkd.in/gvB7hRKK 👉 US police recruit a 43-year-old Chevrolet Camaro - CarExpert: A Michigan Sheriff has added a 43-year-old Chevrolet Camaro to his patrol fleet, funded by the county's drug bust reserves. The vintage vehicle is a unique addition to the police force, blending nostalgia with functionality. https://lnkd.in/gsF4Mhrf 👉 Lucid gets $1.5 billion investment as losses mount - Dealership Guy: Electric vehicle startup Lucid has secured a $1.5 billion investment from Saudi Arabia’s sovereign wealth fund. Despite financial challenges, the company exceeded revenue expectations for the second quarter, showing promise for future growth. https://lnkd.in/g3jRXGc8 Keep up with ANZ Automotive News in just 5 Minutes daily 💹 Join 10k+ Automotive Professionals for One Daily Email with bite-sized summaries 👉 https://bit.ly/45wo6bX #automotive #Dealership #EV #ElectricVehicles #Auto #Media #News #Australia #ANZ #fleet

Ford, General Motors, and Stellantis plan to slash thousands from their workforce in the coming months. Volkswagen has announced plans to shutter three of its factories in Germany, which could come with massive layoffs.

You CAN'T buy a Ferrari with Ford money. But you could buy tons of Fords with Ferrari money. Some people just take the bus. If you're wondering how I'm going to tie this into recruiting, here you go: Some companies hire Ferraris -- people who will make an impact on the business, go the extra mile, get it done and get the organization to its destination quickly and efficiently. But Ferraris aren't cheap to buy and certainly not cheap to maintain -- these companies know this and understand the initial investment and what it takes to keep their people happy. Some companies WANT a Ferrari but won't offer Ferrari money -- so they end up settling for a Ford and then drive it like a Ferrari -- eventually running it to the ground/breaking it and then proceed to re-hire a new Ford, over and over. Sure, you'll still get to your destination, but not smoothly and certainly not in the same car you bought on day 1. Include benefits, hiring/recruiting costs, training expenses and the pain of constant transition... it would have been cheaper to buy something fast and red. Other companies just outsource everything and don't bother -- I call that taking the bus. Again, nothing wrong with this, you'll still get to your destination, but there will be stops along the way and you never know who you'll be riding with at any given moment. Moral of the story: If you have the option/budget/capacity and want to build world class teams/organizations and get sh*t done... drive a Ferrari. 32/100 #Chicago #Hiring #LaborMarket2024

All the more reason to invest in high speed rails.