General Motors quarterly financial reports

General Motors to Lay Off 1,000 Salaried Workers Globally Amid Electric Vehicle Competition

Nov 15, 2024, 03:39 PM

General Motors announced plans to lay off approximately 1,000 salaried workers globally as part of a strategy to streamline operations and reduce costs. This decision comes amid increasing competition in the global automobile market, particularly as the company aims to enhance its performance in the electric vehicle sector. The layoffs reflect ongoing challenges faced by the automaker in adapting to market demands while managing operational expenses.