Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
House Freedom Caucus bid to censure Democrat over...
Popular TP-Link routers could be banned after risks...
Trump signs off on possible CIA operations in...
Senate unanimously passes Epstein files bill, sends to...
DAVID MARCUS: What Ro Khanna told me about...
Trump official fires back at Dem’s Epstein donor...
Scathing report calls on US to label Islamist...
Nancy Mace to force censure vote against fellow...
Rubio orders restitution for hundreds of staffers denied...
Federal judge calls Comey indictment into question, asks...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

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

previous post
Ranked choice voting dealt blow by voters, rejected in numerous states
next post
JOE MANCHIN: The American people picked Trump. Now is the time to deliver solutions for everyone

You may also like

Ulta and Target will end deal for in-store...

August 15, 2025

Trump made millions on guitars, Bibles and watches...

June 17, 2025

Disney, Fox, Warner Bros. Discovery call off Venu...

January 11, 2025

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

September 27, 2025

New Starbucks CEO Brian Niccol outlines priorities to...

September 11, 2024

Frontier Airlines goes after struggling rival Spirit’s customers...

August 27, 2025

Super Micro’s $50 billion stock collapse underscores risk...

November 2, 2024

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

July 30, 2024

Dollar General is shaking off tariff fears and...

June 4, 2025

Apple boosts U.S. investment plans with $500 billion...

February 25, 2025

Recent Posts

  • House Freedom Caucus bid to censure Democrat over Epstein links goes down in flames
  • Popular TP-Link routers could be banned after risks exposed
  • Trump signs off on possible CIA operations in Venezuela: report
  • Senate unanimously passes Epstein files bill, sends to Trump’s desk
  • DAVID MARCUS: What Ro Khanna told me about his party’s future and Biden’s 20M illegals

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


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

    Categories

    • Business (951)
    • Investing (3,465)
    • Politics (4,229)
    • Stock (4)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.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 © 2025 Sightful Invest. All Rights Reserved.