Connect with us

Jobs

US jobs, layoffs update: Over 1000 employees sacked by General Motors

Published

on

US jobs, layoffs update: Over 1000 employees sacked by General Motors

General Motors (GM) said Monday it is laying off more than 1,000 salaried employees at its software and service units worldwide, as per a report on Reuters.

GM, confirming the layoffs initially reported by CNBC, said in a statement that “as we build GM’s future, we must simplify for speed and excellence, make bold choices, and prioritize the investments that will have the greatest impact.”

Also Read : You can watch free TV on Google TV Freeplay; here’s how you can do it

CNBC said the job cuts include roughly 600 jobs at GM’s tech campus near Detroit. GM, which said about half of the cuts are in the United States, said the cuts were not because of cost cuts but came after a review of operations following the departure of Mike Abbott, executive vice president of software and services in March who left due to health reasons.

Abbott, a former Apple executive, was hired in 2023 to spearhead GM’s software development efforts amid an investment rampup from the automaker in electric vehicles and subscription based services.

Also Read : Taylor Swift stuns fans with surprise performance, sparks speculation about her next album release

In April 2023, GM said about 5,000 of its salaried workers took buyouts to leave the company as it worked to hit a $2 billion cost-cutting target after it cut hundreds of executive-level and salaried jobs in February 2023.

FAQs

Q1. Has General Motors laid off staff?
A1. Yes, General Motors (GM) has laid off more than 1,000 salaried employees.

Q2. Which office of GM has been impacted the most?
A2. CNBC said the job cuts include roughly 600 jobs at GM’s tech campus near Detroit.

Disclaimer Statement: This content is authored by a 3rd party. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.

Continue Reading