Economic Rules Hub
  • World
  • Politics
  • Business
  • Investing
Home Business GM lays off 1,000 employees amid reorganization and cost-cutting
Business

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

by admin November 17, 2024
November 17, 2024

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
FacebookTwitterPinterestEmail
previous post
Iranian anti-regime activist who died by suicide buried in Tehran
next post
JOE MANCHIN: The American people picked Trump. Now is the time to deliver solutions for everyone

Related Posts

Apple crushes Wall Street expectations as iPhone sales soar

August 1, 2025

Ontario cancels internet deal with Musk’s Starlink as part of...

August 1, 2025

JPMorgan marks 1,000th branch opening since 2018 expansion plans

August 1, 2025

Trump ends de minimis exemption for global low-cost goods

July 31, 2025

Recall warns some Celsius energy drink cans accidentally contain alcohol

July 31, 2025

Union Pacific to buy Norfolk in $85 billion mega U.S....

July 30, 2025

    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.

    Recent

    • US, UK and a dozen other nations call out Iran attempts to ‘kill, kidnap, harass’ citizens

      August 1, 2025
    • Banned chemicals found in American shampoo, sunscreen and tampons across major brands

      August 1, 2025
    • Homesick GOP senators mull throwing out the rules over stonewalling Dems

      August 1, 2025
    • Trump backs stock trading ban so lawmakers like Pelosi can’t continue ‘ripping off’ constituents, WH claims

      August 1, 2025
    • Huckabee, Witkoff slated for high-stakes Gaza visit to address ‘dire’ starvation crisis

      August 1, 2025

    Categories

    • Business (1,473)
    • Investing (3,794)
    • Politics (5,048)
    • World (4,720)
    • Email Whitelisting
    • Terms and Conditions
    • Privacy Policy
    • Contacts
    • About us

    Disclaimer: EconomicRulesHub.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 © 2024 EconomicRulesHub.com | All Rights Reserved

    Economic Rules Hub
    • World
    • Politics
    • Business
    • Investing