Thread regarding Stellantis - Fiat Chrysler Automobiles layoffs

A Professional Perspective on Stellantis Management and Innovation Strategy

Over the past eight years, I have dedicated my expertise to Stellantis, during which time I have consistently been recognized as an overachiever for seven consecutive years. Throughout this tenure, I have authored over ten papers and contributed to the development of six patents. With a doctoral degree in electrical engineering, I bring a wealth of technical knowledge to the table.

However, it is with a sense of responsibility that I express concerns regarding the short-sightedness of Stellantis management. Their focus on immediate financial gains, at the expense of long-term innovation and talent retention, is evident in their decision to relocate engineering operations away from Europe and the United States.

While this cost-saving measure may yield short-term benefits, it risks stifling the creativity and expertise that have driven Stellantis's success thus far. Moreover, the diminishing quality and reliability of our products, compounded by this strategy, will inevitably erode consumer trust and loyalty.

Regrettably, I find myself questioning the company's ability to maintain profitability and foster innovation under current management practices. As a result, I have made the difficult decision to depart from Stellantis in the near future.

Leaving behind valued colleagues and relationships is undoubtedly challenging, yet I believe the potential career and growth opportunities elsewhere outweigh the risks of remaining within the confines of this trajectory.

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| 1101 views | | 7 replies (last March 30, 2024) | Reply
Post ID: @OP+1rHWNwK0

7 replies (most recent on top)

Stellantis quietly making record profits compared to competitors, then they drop a nuclear bo-b and fire 400 people. This changes everything moving forward, you are just a commodity in any function and will further accelerate more people to the exits as they scared the workforce. What a shame…

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Post ID: @6fsb+1rHWNwK0

When shareholders' interest comes first (as they do in any publicly traded company), the company is forced to put their short-term profit motives ahead of all else to protect the stock price. That explains all these decisions... even if the company falters some years down the line, the current executives will have already been handsomely paid, and/or will have a nice golden parachute as the company slowly crumbles due to those short-sighted decisions.

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Post ID: @1jhk+1rHWNwK0

Low cost approach has failed at many other companies for decades unless you’re making plastic toys. Customer and supplier relationships will be trashed to the point of no return. Quality will spiral downward

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Post ID: @1ist+1rHWNwK0

I guess gloves are off, no voluntary package anymore just fire people with records profits at a minutes notice. This will ki-l moral further what was left of it. Low cost mentality is huge blunder by management.

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Post ID: @1pxi+1rHWNwK0

Well said as this low cost mentality to survivee when profits are crazy high is not sustainable. This is run like text book private equity.

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Post ID: @quy+1rHWNwK0

Also, compared to some other OEMs, the only saving grace is,

they did the cut one week AFTER the bonus, not the other way around. Maybe they don't want to anger even more people. And they let employees with lesser than 3yrs of seniority keep the company match 401k, overriding their usual policy.

I used to work for an OEM who would do the opposite. You know which one is that money pinching.

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Post ID: @xpo+1rHWNwK0

You made a right choice. I have been planning departing not only this company, but the whole country altogether because I see the entire industry is toasted. (and not only automotive, aerospace as well, and more... You know why) And you are not cut partially due to the WARN 500 limit, who knows. It is better to bail out when the local job market is not flooded, yet.

I admire people like you and I am still relatively young, (and I am so young to a point some people mistake me as a high school kid exploring which major to study) so I was trying to become the people like you. But I guess for survival, I have to change the course, before even reaching the point anywhere close.

With me in a unique spot, I know their business planning. Of course I cannot go through the details here, but they will remain in Europe. Yet, their motivation is horrible: they are going to exploit Italians for their knowledge with low pay, and they are going to treat Polish like slavs (no, slaves). The moment Leningrad tanks roll into Poland, they will abandon the employees like how their ancestors did before. (I am looking at you, weak Albert Lebrun)

With my family having strange and extreme political struggles, I am tired of seeing the rewind of history. I guess you will see the rewind of British Leyland this time real time.

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Post ID: @tiy+1rHWNwK0

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