Thursday, June 5, 2025
Invest Strategies Group
  • Investing
  • Economy
  • Business
  • Stock
No Result
View All Result
Invest Strategies Group
  • Investing
  • Economy
  • Business
  • Stock
No Result
View All Result
Invest Strategies Group
No Result
View All Result
Home Business

GM lays off 1,000 employees amid reorganization and cost-cutting

admin by admin
November 17, 2024
in Business
0
GM lays off 1,000 employees amid reorganization and cost-cutting
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

DETROIT — General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the decision.

The layoffs, which were announced Friday morning to those impacted, were across the business. Some were due to poor performance, while others were part of a review to reorganize priorities by the automaker, according to the person, who agreed to speak about the decision on the condition of anonymity.

A majority of the employees impacted were in suburban Detroit at the automaker’s global technical center in Warren, Michigan, the person said. A small number of hourly employees were included in the layoffs.

A spokesman for GM confirmed the layoffs but declined to disclose the total amount.

“In order to win in this competitive market, we need to optimize for speed and excellence,” GM spokesperson Kevin Kelly said in an emailed statement. “This includes operating with efficiency, ensuring we have the right team structure, and focusing on our top priorities as a business. As part of this continuous effort, we’ve made a small number of team reductions. We are grateful to those who helped establish a strong foundation that positions GM to lead in the industry moving forward.” 

Friday’s layoffs follow more than 1,000 salaried employees working in GM’s software and services organization being let go in August.

GM’s global salaried workforce was 76,000 as of the end of last year. That included about 53,000 U.S. salaried employees.

The United Auto Workers union, which represents hourly employees at the automaker, did not immediately respond for comment.

This post appeared first on NBC NEWS

Previous Post

Spotting a Bullish Opportunity in Zscaler (ZS) with OptionsPlay Strategy Center

Next Post

S&P 500 Futures Slip 0.51%

admin

admin

Next Post
S&P 500 Futures Slip 0.51%

S&P 500 Futures Slip 0.51%

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recommended

    Bitcoin Well Provides Update to the Bitcoin Super Company Vision and Bitcoin Reserve Fund

    Bitcoin Well Provides Update to the Bitcoin Super Company Vision and Bitcoin Reserve Fund

    November 21, 2024
    Denison Mines Moves Closer to Federal Approval for Phoenix ISR Uranium Project

    Denison Mines Moves Closer to Federal Approval for Phoenix ISR Uranium Project

    March 1, 2025

    Recent News

    Hedge Market Volatility with These Dividend Aristocrats & Sector Leaders

    Hedge Market Volatility with These Dividend Aristocrats & Sector Leaders

    June 4, 2025
    How I Find Up-trending Stocks Every Week (Step-by-Step Scan Tutorial)

    How I Find Up-trending Stocks Every Week (Step-by-Step Scan Tutorial)

    June 4, 2025
    S&P 500 Bullish Patterns: Are Higher Highs Ahead?

    S&P 500 Bullish Patterns: Are Higher Highs Ahead?

    June 4, 2025
    LaFleur Minerals Provides Swanson Gold Deposit and Beacon Mill Restart Update to Produce Gold and Announces Investor Call on June 5

    LaFleur Minerals Provides Swanson Gold Deposit and Beacon Mill Restart Update to Produce Gold and Announces Investor Call on June 5

    June 4, 2025
    Invest Strategies Group

    Browse by Category

    • Business
    • Economy
    • Investing
    • Stock

    Recent News

    Hedge Market Volatility with These Dividend Aristocrats & Sector Leaders

    Hedge Market Volatility with These Dividend Aristocrats & Sector Leaders

    June 4, 2025
    How I Find Up-trending Stocks Every Week (Step-by-Step Scan Tutorial)

    How I Find Up-trending Stocks Every Week (Step-by-Step Scan Tutorial)

    June 4, 2025
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investstrategiesgroup.com | All Rights Reserved

    No Result
    View All Result
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
    • Home 6
    • Privacy Policy
    • Suspicious Page
    • Terms & Conditions
    • Thank you

    Copyright © 2025 investstrategiesgroup.com | All Rights Reserved