The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

Business

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

by admin November 17, 2024
November 17, 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
Trump Media CFO, two other insiders sell millions of dollars worth of DJT stock
next post
JOE MANCHIN: The American people picked Trump. Now is the time to deliver solutions for everyone

Related Posts

Musk’s brain implant company filed as a ‘disadvantaged...

July 20, 2025

United Airlines adds Thailand, Vietnam and Australia flights...

April 3, 2025

Consumers are not lovin’ it: McDonald’s has its...

May 2, 2025

Chipotle to expand to Mexico amid Trump trade...

April 22, 2025

UnitedHealth says it is facing DOJ investigation over...

July 25, 2025

As home sellers and buyers wait on a...

May 1, 2024

Chick-fil-A is releasing its own entertainment app, with...

October 22, 2024

AT&T, other phone companies sued over stolen nude...

July 31, 2024

Tesla reports 336,000 vehicle deliveries in first quarter,...

April 3, 2025

Paramount special committee extends Skydance ‘go shop’ period...

August 24, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Latest

    • Bed Bath & Beyond relaunches with first store in Nashville, plans dozens more

      August 12, 2025
    • A top Federal Reserve official says bleak jobs data backs the case for 3 rate cuts

      August 12, 2025
    • What Trump’s Nvidia and AMD China deal means for the world

      August 12, 2025
    • ESPN, Fox to bundle upcoming streaming services for $39.99 a month

      August 12, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      August 12, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      August 12, 2025

    Categories

    • Business (1,335)
    • Politics (4,220)
    • Stocks (1,581)
    • Uncategorized (45)
    • World News (1,328)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, 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 thetraderharbor.com | All Rights Reserved