Monday, September 21, 2026
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
4
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%

    Subscribe to our newsletter for early access to new products, exclusive deals, and exciting updates. Don't miss out! Our subscribers are always the first to hear about limited-time offers and new arrivals. Plus, you'll get sneak peeks and bonus content that adds value to your experience.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recommended

    Nvidia CEO Jensen Huang warns China is ‘not behind’ in AI

    Nvidia CEO Jensen Huang warns China is ‘not behind’ in AI

    May 1, 2025
    Cleantech Market Forecast: Top Trends for Cleantech in 2025

    Cleantech Market Forecast: Top Trends for Cleantech in 2025

    January 1, 2025

    Recent News

    Blaize (BZAI) Q2 2026 Earnings Call Transcript

    3 Reasons CRISPR Therapeutics Stock Is Still a Buy After a Rocky 2026

    September 20, 2026
    The House | Angus MacDonald: "If You're Active In Faith, You're More Likely To Have A Moral Compass"

    The House | Angus MacDonald: “If You’re Active In Faith, You’re More Likely To Have A Moral Compass”

    September 20, 2026
    AMC Robotics Secures Up to $50M Equity Facility to Fund Robot Manufacturing Plant

    AMC Robotics Secures Up to $50M Equity Facility to Fund Robot Manufacturing Plant

    September 20, 2026
    Blaize (BZAI) Q2 2026 Earnings Call Transcript

    Buying This Hidden Software Stock Might Just Give You Massive Exposure to the Anthropic IPO

    September 20, 2026
    Invest Strategies Group

    Browse by Category

    • Business
    • Economy
    • Investing
    • Stock

    Recent News

    Blaize (BZAI) Q2 2026 Earnings Call Transcript

    3 Reasons CRISPR Therapeutics Stock Is Still a Buy After a Rocky 2026

    September 20, 2026
    The House | Angus MacDonald: "If You're Active In Faith, You're More Likely To Have A Moral Compass"

    The House | Angus MacDonald: “If You’re Active In Faith, You’re More Likely To Have A Moral Compass”

    September 20, 2026
    • Terms & Conditions
    • Privacy Policy

    Copyright © 2026 investstrategiesgroup.com | All Rights Reserved

    No Result
    View All Result
    • Home 1
    • Privacy Policy
    • Terms & Conditions
    • Thank you

    Copyright © 2026 investstrategiesgroup.com | All Rights Reserved