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

Armenian organized crime rings charged with stealing $83...

May 23, 2025

Nvidia CEO says he was wrong about timeline...

March 22, 2025

What Fed chief Powell said about crypto that...

December 6, 2024

Amazon workers worldwide set to protest on Black...

November 28, 2024

Amazon to pay $2.5 billion to settle FTC...

September 27, 2025

Boeing taps aerospace veteran Ortberg to replace Dave...

August 1, 2024

Largest U.S. sportsbooks join forces to tackle problem...

March 28, 2024

JPMorgan CEO Jamie Dimon hopes for soft landing...

April 30, 2024

TSA airport screenings hit an all-time high

June 29, 2024

JetBlue talking to ‘multiple airlines’ about a new...

February 21, 2025

    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

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

      January 22, 2026
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      January 22, 2026
    • Trump says framework of ‘future deal’ on Greenland reached after NATO talks as tariffs put on hold

      January 22, 2026
    • Rand Paul says personal experience with YouTube and Google changed his mind about platform liability

      January 22, 2026
    • Top NATO official reveals details of stunning meeting with Trump that produced Greenland deal ‘framework’

      January 22, 2026
    • Trump slams UK island handoff deal that could put key US military base at risk

      January 22, 2026

    Categories

    • Business (1,447)
    • Politics (5,586)
    • Stocks (1,907)
    • Uncategorized (45)
    • World News (1,440)
    • 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