I'm not sure I'd qualify this as "bad news." But it's definitely not "good news" either. I guess it's just, like, troubling? Concerning? "Could-be-worse-but-could-be-better?"
About 5,000 people are taking General Motors Co.'s buyout offer, CFO Paul Jacobson said during a BofA Securities Inc. presentation Tuesday, enabling the automaker to meet cost-savings targets and preventing involuntary employee departures.
If a company is paying employees off to quit so that they can avoid "involuntary departures," then the "departures" in question are not, in fact, "voluntary."
If they're going to fire you anyway if you don't take the buyout. then they're effectively just firing you on slightly better terms. That's how it works.
Still, it definitely could be worse. If things were really bad there, then most assuredly they'd be just canning people instead of offering them a payout. And it looks like they're going to be hitting their desired target after all these departures:
As a result of 5,000 employees taking GM's buyout offer, the automaker will achieve about $1 billion of cost savings so it can realize at least 50% of its targeted savings for this year and achieve at least $2 billion of savings in 2024.
