Top Price Market
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Top Price Market

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

Clothing chain Bob’s Stores closing after 70 years

KFC moves U.S. headquarters from Kentucky to Texas

Ford to spend $3 billion to expand large...

Fed Governor Christopher Waller sees central bank ‘getting...

Sam Altman joins Microsoft to lead new AI...

Inflation rate falls to 2.9% in July, adding...

Joann Fabrics and Crafts files for Chapter 11...

UAW challenges Mercedes-Benz union vote, asks NLRB for...

Dick’s Sporting Goods stands by full-year guidance —...

Retirees ‘stunned’ as market turmoil over tariffs shrinks...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


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

    Latest

    • Trump tax leaker takes 5th in House inquiry into Biden DOJ plea...

    • China, Rubio exchange jabs on 36th anniversary of Tiananmen Square massacre

    • Trump DOJ takes ‘unprecedented’ step admonishing foreign judge in free speech case centered on Rumble

    • Hawley clashes with UPenn law professor over judicial injunctions

    • Radical new DOGE transparency powers could hit Congress after Elon Musk exit

    Categories

    • Business (1,680)
    • Investing (5,026)
    • Politics (7,909)
    • Uncategorized (2)
    • World (6,403)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions
    • Email Whitelisting

    Disclaimer: toppricemarket.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 toppricemarket.com | All Rights Reserved


    Back To Top