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

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. The company is also navigating the transition to electric vehicles, aiming to reduce fixed costs by $2 billion this year. The layoffs come as GM develops both gas-powered and electric vehicle models to meet market demands.

November 15, 2024
119 Articles