Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Dem Senate primary erupts in key state as...
Trump-backed candidate aims to pad GOP’s fragile House...
White House unleashes on Stacey Abrams in latest...
Ilhan Omar calls Trump an ‘unhinged lunatic,’ urges...
Former Virginia Gov Glenn Youngkin hints at political...
Trump’s apocalyptic Iran warning raises stakes for sweeping...
Graham eyes ‘down payment’ on Trump-backed SAVE Act...
Midterm alarm bells: Democrats face steep favorability deficit...
Democrat whose parents fled Iran moves to oust...
American journalist kidnapped in Iraq is set free,...
  • 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

Amazon hikes wages for contract delivery drivers as...

September 14, 2024

UnitedHealth says it is facing DOJ investigation over...

July 25, 2025

United Airlines says it will boot passengers who...

March 6, 2026

Target calls price hikes a ‘very last resort’...

May 22, 2025

CrowdStrike says it isn’t to blame for Delta’s...

August 6, 2024

FTC chair hopes Amazon, Facebook won’t get ‘sweetheart...

January 8, 2025

Budget airline Spirit is trying to go upmarket...

July 31, 2024

Microsoft 365 working to address potential Outlook and...

November 26, 2024

Boeing delivers most airplanes since late 2023 after...

July 9, 2025

Tesla denies report it’s looking to replace Elon...

May 3, 2025

Recent Posts

  • Dem Senate primary erupts in key state as candidate teams up with radical streamer: ‘America deserved 9/11’
  • Trump-backed candidate aims to pad GOP’s fragile House majority battle in showdown for MTG’s seat
  • White House unleashes on Stacey Abrams in latest clash over Trump’s election order
  • Ilhan Omar calls Trump an ‘unhinged lunatic,’ urges booting him out of office
  • Former Virginia Gov Glenn Youngkin hints at political future, says he’s ‘chomping at the bit’ after exit

    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 (1,017)
    • Investing (4,320)
    • Politics (5,303)
    • 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 © 2026 Sightful Invest. All Rights Reserved.