From what we're gathering it seems both low performers and high performers are being laid off. Many of them also seem to be a few months or days away from being vested. Pretty cruel way to save money and stick it to the individual worker.
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@lmz - you keep your 401k but lose the GM contributions.
You still get to keep your 401k
They were told*
Typed too quick on mobile. 😊
Yeah the vesting part really chaps my a--. They lay these new college hires off and they were you'd they had to stay with the company for 3 years. But then they get laid off involuntarily and lose everything. These kids are starting their 401k at such a prime age... And GM is just stripping it from them.
It's absurdity.