GM (GM) Lays Off 500-600 IT Workers as Cost-Cutting Measures
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowGeneral Motors (GM) is laying off approximately 500 to 600 salaried IT employees as part of its workforce reevaluation and cost-cutting strategy. The layoffs began on Monday and primarily affect locations in Austin, Texas, and Warren, Michigan. Despite these reductions, GM reported having 82 open IT positions that include roles focused on artificial intelligence and autonomous vehicles. The company employs about 68,000 salaried workers, with 47,000 in the U.S. This action follows a previous layoff of over 200 CAD engineers in October due to business conditions.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About General Motors Company (GM)
General Motors is one of the largest U.S. automakers, producing Chevrolet, GMC, Buick, and Cadillac vehicles.
The Consumer Discretionary sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
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