Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
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
Week Ahead: NIFTY May See Mild Rebounds; Painful Mean Reversion May Continue
next post
Debt-ridden Harris campaign spent $2.6 million on private flights for staff in October: FEC documents

Related Posts

Federal Trade Commission accuses three drug middlemen of...

September 24, 2024

Panera Brands CEO steps down; CFO to fill...

January 9, 2025

Delta cancels hundreds more flights as its recovery...

July 23, 2024

Target CEO addresses price gouging accusations in retail

August 22, 2024

Bruce Nordstrom, who helped grow family-led department store...

May 20, 2024

Care.com settles charges it inflated jobs listings and...

August 30, 2024

CNN says 47.9 million people watched the presidential...

June 30, 2024

Gov. Gavin Newsom says he will provide residents...

November 26, 2024

Apple releases first preview of its long-awaited iPhone...

July 30, 2024

Mortgage rates plunge to the lowest level in...

August 6, 2024

    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

    • Don Jr.’s shadow hangs over Trump mine fight as China retains critical minerals leverage

      March 28, 2026
    • AAP faces pressure over trans youth care, guiding docs to keep parents in the dark about child’s sexual health

      March 28, 2026
    • Spanberger takes fire from all sides as Youngkin, Angel parent slams recent controversies

      March 28, 2026
    • House conservatives rage against Senate DHS shutdown deal

      March 28, 2026
    • Indicted Democrat Rep Sheila Cherfilus-McCormick one step closer to expulsion

      March 28, 2026

    Categories

    • Business (1,175)
    • Investing (4,252)
    • Politics (5,242)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.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 © 2026 sportinvestorsleague.com | All Rights Reserved