Anyone would care to chime in with a prediction about potential Caterpillar Layoffs 2020? Any news or rumors?
Caterpillar upper management always looks at the future with overly optimistic views. We were just told that we overbuilt in 2019 and have too much inventory but that current 2020 projections show we will need to make more product than last year so we are going to start ramping up inventory starting next year. We probably won’t hear about a big lay-off until they realize there projections aren’t going to materialize. I’m guessing a few months into 2020 reality will hit them real quickly. The whole world is in a downward financial spiral and commodity prices are too low for mining companies to be profitable enough to buy new equipment.