General Motors Layoffs: US Automobile Manufacturing Company GM Lays Off Around 1,000 Employees To Reduce Costs Amid Industry Downturn
New Delhi, August 20: General Motors (GM), the US automobile manufacturing company, reportedly laying off around 1,000 employees. As per reports, the job cuts are said to include positions at GM’s different departments to streamline operations and prioritise high investments. As the automaker reportedly faces industry downturns and invests heavily in emerging markets like electric vehicles, GM’s layoffs reflect its strategy to focus on quality and innovation.
As per a report of CNBC, General Motors is laying off more than 1,000 salaried employees in its software and services division to streamline its operations. The decision can be seen to simplify the unit’s operations, which included leadership changes. As per reports, around 600 employees were affected by the layoffs at GM’s tech campus in Warren, Michigan. GM is also laying off around 600 employees at their tech campus near Detroit. The layoffs were reportedly announced, which could represent about 1.3 percent of General Motors’ global salaried workforce. GoPro Layoffs: Action Camera Maker To Lay Off 15% of Its Employees To Reduce Operating Expenses Amid Restructuring Efforts; Check Details.
The layoffs follow leadership changes. In March, former Apple executive Mike Abbott left the company due to health reasons. According to a report of TechCrunch, GM aims to focus on high-priority initiatives like improving its Super Cruise driver assistance system, enhancing the quality of its infotainment platform and exploring the use of AI.
GM’s spokesperson Stuart Fowle reportedly said, “As we build GM’s future, we must simplify for speed and excellence, make bold choices, and prioritise the investments that will have the greatest impact.” He further emphasised that the company is making some changes to the teams in the Software and Services organisation and appreciates the efforts of those who have contributed to building a strong foundation for General Motors to continue leading in the future. Mastercard Layoffs: Financial Service Company To Lay Off 3% of Its Employees Globally Amid Restructuring Efforts.
The layoffs at GM comes amid an attempt to reduce costs and employee headcounts reportedly due to the industry downturn while simultaneously investing billions of dollars in electric vehicles and software-defined vehicles.
(The above story first appeared on LatestLY on Aug 20, 2024 10:54 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website todaynews24.top).
