American Daddy Trader
  • Politics
  • Business
  • Stock
  • Editor’s Pick
  • Politics
  • Business
  • Stock
  • Editor’s Pick

American Daddy Trader

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
Week Ahead: NIFTY May See Mild Rebounds; Painful Mean Reversion May Continue
next post
JOE MANCHIN: The American people picked Trump. Now is the time to deliver solutions for everyone

You may also like

Murdoch family battle highlights Nevada’s secret trust boom

August 15, 2024

American recession fears spark selloff in international markets...

August 6, 2024

Pfizer CEO says tariff uncertainty is deterring further...

April 30, 2025

A rare high-performance Cadillac that once belonged to...

February 16, 2024

Wealthy investors find opportunities in stock market sell-offs

August 13, 2024

And they’re off! On the sidelines of a...

May 5, 2024

Amazon plans to give Alexa an AI overhaul...

May 23, 2024

Boeing strike ends after machinists approve new labor...

November 6, 2024

Walmart-linked Green Dot Bank receives proposed Federal Reserve...

March 2, 2024

NFL owners vote in favor of private equity...

August 28, 2024

    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.

    Recent Posts

    • The Best Five Sectors, #19

      May 19, 2025
    • Political world reacts to former President Biden’s ‘aggressive’ cancer diagnosis: ‘Incredibly difficult’

      May 19, 2025
    • Trump wishes Biden ‘fast and successful recovery’ after prostate cancer diagnosis

      May 19, 2025
    • Trump’s ‘big, beautiful bill’ passes key House hurdle after GOP rebel mutiny

      May 19, 2025
    • Iran foreign minister vows nuclear enrichment will continue ‘with or without a deal’

      May 19, 2025

    Archives

    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024

    Categories

    • Business
    • Editor's Pick
    • Politics
    • Stock
    • Uncategorized
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 americandaddytrader.com | All Rights Reserved