Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Business

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

by November 16, 2024
November 16, 2024
GM lays off 1,000 employees amid reorganization and cost-cutting

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
0
FacebookTwitterGoogle +Pinterest
previous post
Wasserman Schultz sparks backlash for claiming Tulsi Gabbard is a Russian asset
next post
Venezuela frees dozens of prisoners arrested after Maduro’s election victory

You may also like

JPMorgan Chase CEO Jamie Dimon on Trump tariffs: ‘Get...

January 23, 2025

Vanguard fined more than $100 million by SEC...

January 17, 2025

Credit card startup Imprint beats big banks for...

July 23, 2025

TD Bank pleads guilty in money laundering case,...

October 10, 2024

Fed minutes point to ‘likely’ rate cut coming...

August 22, 2024

Meta announces 5% cuts in preparation for ‘intense...

January 15, 2025

SEC Chair Gary Gensler will step down Jan....

November 22, 2024

How a ship that glides like a pelican...

August 21, 2025

A flagging U.S. industry looks for new life...

July 18, 2025

Meta’s head of AI research announces departure

April 2, 2025

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


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



    Latest

    • Trump warns Honduras of ‘hell to pay’ if election count changes, presses officials to finish tally

      December 2, 2025
    • Spec ops chief ordered deadly Caribbean strike ‘in self-defense’ with Hegseth’s sign-off, White House says

      December 2, 2025
    • House unanimously approves barring anyone tied to Hamas’ Oct 7 attack from entering US

      December 2, 2025
    • Airbus says most of its recalled 6,000 A320 jets are now modified

      December 2, 2025
    • Trump declares importance of not derailing ‘Syria’s evolution into a prosperous State’

      December 1, 2025
    • Trump MRI results drop as White House confronts mounting questions over president’s health

      December 1, 2025

    Categories

    • Business (832)
    • Investing (661)
    • Politics (6,475)
    • World News (3,213)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 WhaleLargeCapital.com | All Rights Reserved