• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

GM lays off 1,000 employees amid reorganization and cost-cutting

by November 16, 2024
written by November 16, 2024

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
0 comment
0
FacebookTwitterPinterestEmail

previous post
Wasserman Schultz sparks backlash for claiming Tulsi Gabbard is a Russian asset
next post
Trump lawyer William Owen Scharf picked for ‘crucial’ White House assistant role

related articles

Trump administration alleges Nike discriminated against white workers

March 13, 2026

Retail operator of outdoor sportswear pioneer Eddie Bauer...

March 13, 2026

Landmark trial accusing social media companies of addicting...

March 13, 2026

Justice Department’s antitrust chief says she’s leaving, effective...

March 13, 2026

Cardi B’s cameo in Bad Bunny’s Super Bowl...

March 13, 2026

CFTC chief sides with prediction markets over state...

March 13, 2026

Warner Bros. Discovery reopens talks with Paramount

March 13, 2026

DOJ takes Live Nation-Ticketmaster to court for antitrust...

March 13, 2026

L.A. County sues Roblox, alleges platform makes it...

March 13, 2026

United Airlines says it will boot passengers who...

March 13, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Billy Ray Cyrus explains Trump inaugural ball performance that concerned fans

    January 22, 2025
  • Trump doesn’t use autopen for legally binding documents, unlike Biden, White House says

    March 18, 2025
  • Trump says ‘big, beautiful’ bill ‘must’ meet deadline as some Republicans waver

    June 27, 2025
  • Harris concedes presidential race, campaign manager sends letter to staff: ‘Losing is unfathomably painful’

    November 6, 2024
  • Chaos in Syria sparks fears of ISIS prison breaks as US rushes detainees to Iraq

    January 24, 2026

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025

Categories

  • Economy (829)
  • Editor's Pick (8,376)
  • Investing (1,192)
  • Stock (981)

Latest Posts

  • Brazil’s Méliuz joins Bitcoin trend, buys 45.72 BTC

    March 6, 2025
  • Senate Republicans launch effort to ban Chinese nationals from buying land in US

    January 22, 2025
  • Trump-backed candidate Asfura wins Honduras presidential election

    December 25, 2025

Recent Posts

  • Doctors Without Borders reduces operations at Gaza hospital over security concerns

    February 15, 2026
  • I was kidnapped by Boko Haram, and survived. No thanks to the West’s silence

    October 12, 2025
  • Mother of Hunter Biden’s daughter defends pardon, says he’s ‘targeted because of who his dad is’

    December 10, 2024

Editor’s Pick

  • Senate Republicans block Democrats’ ‘filthy’ counteroffer as shutdown deadline looms

    September 19, 2025
  • State treasurers push for divestment from China citing ‘red flags’ regarding CCP control

    November 1, 2024
  • How Vice President Kamala Harris got started in politics

    July 26, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock