Amid reorganization and cost-cutting, GM announces layoffs of 1,000 employees.
- On Friday, approximately 1,000 employees at GM were let go as the company tries to reduce expenses and adjust priorities in response to shifting market conditions, a source close to the matter revealed.
- The layoffs, announced via email on Friday morning, affected all areas of the business.
On Friday, roughly 1,000 employees of DETROIT were laid off in an effort to reduce costs and reevaluate priorities in response to shifting market conditions, according to a source.
The layoffs announced on Friday morning affected employees across the business. While some were due to poor performance, others were part of a review to reorganize priorities by the automaker, according to an anonymous source.
The majority of the employees affected were in suburban Detroit at the automaker's global technical center in Warren, Michigan, while a small number of hourly employees were included in the layoffs.
GM confirmed the layoffs but refused to reveal the total number.
"To succeed in this competitive market, we must prioritize speed and excellence, GM spokesperson Kevin Kelly stated in an email. This entails operating with efficiency, maintaining the right team structure, and concentrating on our core business objectives. As part of our ongoing efforts, we have made a few minor staff cuts. We appreciate those who have contributed to building a strong foundation that positions GM as a leader in the industry."
In August, over 1,000 salaried employees in GM's software and services organization were let go, and this week's layoffs affect more than 1,000 employees in the same organization.
As of the end of last year, GM's global salaried workforce was 76,000, with approximately 53,000 of those being U.S. salaried employees.
The automaker's hourly employees, represented by the United Auto Workers union, did not provide an immediate comment.
Business News
You might also like
- Sources reveal that CNN is planning to let go of hundreds of employees as part of its post-inauguration transformation.
- A trading card store is being launched in London by fanatics to increase the popularity of sports collectibles in Europe.
- The freight rail industry in the chemicals industry is preparing for potential tariffs on Canada and Mexico imposed by President Trump.
- Stellantis chairman outlines planned U.S. investments for Jeep, Ram to Trump.
- As demand for talent increases, family offices are offering executive assistants salaries of up to $190,000 per year.