German carmakers flood job market with managers after layoffs
German carmakers flood jobs market with managers after wielding axe
German automakers, having recently slashed thousands of jobs, are now seeing a surge of managers entering the job market. The trend highlights the industry's shift towards electric vehicles and digitalization, with many mid-level executives facing redundancy as companies restructure. This influx is creating a competitive landscape for managerial positions, while also offering opportunities for companies to acquire experienced talent.
The wave of layoffs in the German automotive industry has created a paradox: companies are shedding managers even as they struggle to find the right skills for the future.
- rwmj
Not a scientific study, but here in the UK where we don't have tariffs against Chinese car manufacturers, there are loads of electric BYDs and Jaecoos (the "Temu Range Rover") driving around recently.
- hn_throwaway_99
- netsharc
Credit Suisse went down 2 years ago in Switzerland, flooding the market with finance and IT people...
- grg0
But do they dual-wield?
- nradov
These corporate fads always run in cycles. Any large organization needs some resource managers but what is the optimal span of control? What tends to happen is that businesses lay off a bunch of managers and flatten the hierarchy. This does increase efficiency for a while. But then it becomes harder to keep individual contributors on track and focused towards key goals so the executives eventually end up hiring more managers again.