Business
General Motors Lays Off 1,000 Employees Amid Cost-Cutting Measures
DETROIT – In a strategic move to streamline operations and reduce costs, General Motors (GM) has laid off approximately 1,000 employees. The layoffs, which affected various sectors within the company, were communicated to impacted employees on Friday.
The job cuts were part of a broader reorganization effort aimed at realigning GM’s priorities in response to shifting market dynamics, including slowing U.S. sales, challenges in the Chinese market, and slower-than-anticipated adoption of electric vehicles (EVs). The layoffs targeted employees at multiple levels, including those with underperforming records as well as others affected by departmental restructuring.
A significant number of the layoffs occurred at GM’s global technical center in Warren, Michigan, impacting mainly salaried staff but also including a small number of hourly employees.
These recent layoffs follow GM’s earlier decision in August to release over 1,000 salaried employees from its software and services division. The automaker is targeting $2 billion in fixed cost savings for the year, reflecting efforts to adapt to evolving industry conditions and bolster financial resilience.
GM’s global salaried workforce, as of late last year, included 76,000 employees, with approximately 53,000 of them based in the U.S.
The United Auto Workers (UAW) union, which represents GM’s hourly workforce, has not yet commented on the layoffs.