Money Matter Blog
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Money Matter Blog
No Result
View All Result
Home Stock

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

by
November 16, 2024
in Stock
0
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
Previous Post

Wasserman Schultz sparks backlash for claiming Tulsi Gabbard is a Russian asset

Next Post

Debt-ridden Harris campaign spent $2.6 million on private flights for staff in October: FEC documents

Next Post
Debt-ridden Harris campaign spent $2.6 million on private flights for staff in October: FEC documents

Debt-ridden Harris campaign spent $2.6 million on private flights for staff in October: FEC documents

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    Israel’s Netanyahu delays Gaza cease-fire deal, accusing Hamas of trying to back out

    Israel’s Netanyahu delays Gaza cease-fire deal, accusing Hamas of trying to back out

    January 16, 2025
    Trump foreign policy: 6 issues he got right and the experts were wrong

    Trump foreign policy: 6 issues he got right and the experts were wrong

    January 16, 2025
    CLAY TRAVIS: How Trump is already narrowing America’s racial divide

    CLAY TRAVIS: How Trump is already narrowing America’s racial divide

    January 16, 2025

    About Money Matter Blog

    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy

    Latest News

    • Israel’s Netanyahu delays Gaza cease-fire deal, accusing Hamas of trying to back out
    • Trump foreign policy: 6 issues he got right and the experts were wrong
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Copyright © 2025 moneymatterblog.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2025 moneymatterblog.com | All Rights Reserved