Business

GM Cuts Over 1,000 Salaried Software and Services Jobs

Aug 19, 2024 1 min read

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General Motors (GM) is laying off over 1,000 salaried employees globally in its software and services division. The layoffs, which include approximately 600 positions at GM's Global Technical Center in Warren, Michigan, are part of an effort to streamline operations and improve efficiency within the unit. The company has not officially disclosed the number of layoffs, but sources indicate that more than 1,200 employees will be affected.

The job cuts come in the wake of recent leadership changes, including the departure of former Apple executive Mike Abbott due to health reasons. Despite the layoffs, GM has plans to create 4,000 new jobs and expand its battery cell and electric truck manufacturing capacity in the future. A spokesperson for GM emphasized the need to simplify operations to achieve speed and excellence and to prioritize investments with the greatest impact.

#finance #markets #auto

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