Will Cruise give notice for a mass layoff (50+ employees) before the end of 2023

955Ṁ13k

resolved Dec 14

Resolved

YES

ALL

Cruise announced layoffs of contract workers, which doesn't count as they are not technically employees, nor are they protected by the WARN act https://www.cnbc.com/2023/11/09/gms-cruise-lays-off-contractors-after-suspending-self-driving-cars.html [link preview]

Cruise has said it will conduct layoffs later this month but on Tuesday declined to provide much detail to staff. It has stopped taking questions from staffers at all-hands meetings, previously a fixture. https://www.reuters.com/business/autos-transportation/new-leader-gms-cruise-acknowledges-all-time-low-amid-safety-review-2023-12-05/ Market for ending after March 2024: https://manifold.markets/MingweiSamuel/will-cruise-give-notice-for-a-mass-267e7a048316

https://techcrunch.com/2023/12/14/cruise-slashes-24-of-self-driving-car-workforce-in-sweeping-layoffs/amp/

+55%

Mass layoff a la the CA WARN act: a layoff of 50 or more employees within any 30 day period (which would require 60 days advance notice in CA).

Resolves YES if layoff notice of 50 or more employees is given and reputably reported on between now and the end of 2023, even if the actual layoffs (60 days later) occur after the start of 2024.

Resolves NO at the start of 2024 if no layoffs have been announced or reputably reported.

Market ending in Q1 2024: https://manifold.markets/MingweiSamuel/will-cruise-give-notice-for-a-mass-267e7a048316

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