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

Dick’s Sporting Goods to buy struggling Foot Locker...

May 16, 2025

McDonald’s exec says average menu item costs 40%...

May 31, 2024

Women’s college basketball final expected to set new...

April 7, 2024

TSA airport screenings hit an all-time high

June 29, 2024

Where are low-cost airlines cutting back now? New...

September 2, 2024

‘The Great Stay’: Layoffs, unemployment remain low as...

March 8, 2024

The great wealth transfer has started — but...

May 9, 2024

Essence Fest leads a summer of events for...

July 4, 2025

Netflix shares soar as company reports surging revenue,...

January 23, 2025

IMAX CEO expects $1.2 billion in box office...

February 23, 2025

    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

    • Money’s Not Leaving the Market — It’s Rotating!

      July 4, 2025
    • From Oversold to Opportunity: Small Caps on the Move

      July 4, 2025
    • EPA places numerous employees on leave for alleged misuse of official titles in unauthorized letter

      July 4, 2025
    • 2 lone Republicans vote against Trump’s ‘big, beautiful bill’ as it heads to president’s desk

      July 4, 2025
    • Trump administration torpedoes SCOTUS with emergency requests and sees surprising success

      July 4, 2025

    Archives

    • July 2025
    • June 2025
    • 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