Stellantis fires hundreds of engineers

The automaker confirmed with FOX 2 that it was firing hundreds of its engineers - many who learned during a virtual meeting after the company asked its white collar workers to work remotely on Friday.

[JFirnQ]

No executive bonuses were harmed in this decision.

[jjc]

I understand that their $80, 000 Jeeps and trucks aren't selling too well. I wonder why..

[trunkmonkey]

What a shocker, people can't buy $80K -$100K trucks. Go figure.

[overcastfriday]

I'd like to see an experiment where a $9M/Yr salaried exec is replaced for 2 years by a $190K/Yr exec. I bet they perform just as well.

[Oddman]

"The engineers aren't making us money, fire them and hire more MBA's to find out why nobody wants to buy a $90, 000 jeep."

[babybijou]

The CEO made $39 million in 2023… start cutting costs there, that would quickly improve the bottom line

[Dannysoutherner]

Who can afford 80, 000 90, 000 100, 000 dollar cars other than lawyers and other 1 percenters?

[terrysmith]

They’ve had 50 years to learn from Toyota and Honda, 50 years

[fivefive]

More proof working hard for a company means nothing.

[tommymiddlefinger]

That's why there should never be any bailouts.

[s]

"Where do you see yourself in 5 years?".
Being laid off on a Zoom call along with thousands of my coworkers.

[KuzKiller]

I love how Stellantis said that "these reductions are not due to the ecomomy". Meaning they litterally just butcherd a bunch of Middle class jobs because they wanted higher profits for their shareholders. Im sure the executives are still getting their bonuses this year.

The CEO made $39 million last year. The average engineer makes about $85, 000. IF the CEO was only paid $20 Million a year, all these people would still have a job. All these people would still be able to feed their famlies and provide them with a good life.

[jameshoopes]

All the executives got together and decided the problem was *not* with the executives, but with workers. 🙄

[vcash]

He forgot high prices and low quality.

[Wildwest]

That’s a really scummy way to handle that firing people in a virtual meeting is cowardly.

[cf]

Remote firing..what a class act...what critical skills did they use

[patmcbride]

Trucks cost almost what I paid for my first house, and not the top trim level either.
People are tired of paying too much for cars, trucks, and SUVs.

[TopNotch]

It’s a recession when your neighbor loses his job; it’s a depression when you lose your own.”
― Harry S. Truman

[ButterflyMatt]

“Work from home Friday, and be sure to attend the meeting where we fire you remotely.”
That’s cowardly and lame.

[zenmaster]

Their statement translation: "Our executives aren't making enough, so we're gonna cut your job so they keep their money" Is that about right?