GM cuts white collar workforce - Time to wake up!
By Rajesh Setty on Sun 20 Mar 2005, 9:48 PM - 3 Comments
When I first heard it on Drudge Report, I could not believe it. I had to check the news again to confirm. It’s true. GM is planning to cut its North American white collar work force as deep as 28% in some functions. It’s scary!
Gone are the days where we could join a company and plan to retire over there. No job is safe unless one starts to distinguish himself or herself constantly and continues to add value. The heat is on.
I think this should serve as a wake up call for most of the white collar workers. What do you all think?
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Anonymous on March 21st, 2005
Yes, it is a wake-up call. I have seen many organizations even in the valley which are bloated: there is unequal distribution of work. One good example is HP and to some extent SUN. There are still some folks out here planning to retire..
Thx.
Ravi