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flag GM lays off about 1,000 U.S. workers to cut costs amid market competition and EV transition.

flag General Motors (GM) is laying off about 1,000 workers, mostly white-collar employees in the U.S., to cut costs and streamline operations in a competitive global auto market. flag The company is also navigating the transition to electric vehicles, aiming to reduce fixed costs by $2 billion this year. flag The layoffs come as GM develops both gas-powered and electric vehicle models to meet market demands.

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