Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Franklin Templeton Advocates for Blockchain Modernization in US$18...
Vanadium Market Forecast: Top Trends for Vanadium in...
Steve Penny: Silver’s Big Move Still to Come,...
Skyharbour Announces Major 2026 Exploration Campaign with Denison...
CHARBONE annonce des ventes d’hydrogene en Ontario afin...
Nextech3D.ai Launches “Nextech Event AI”, a Unified AI...
Juggernaut Exploration Attending AME Roundup 2026 – Booth...
NSM Capital SarlApplies for License at Titanbeach One
Rio Silver Expands Capital Markets Access with U.S....
Crypto Market Update: Crypto Czar says Banks and...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

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
Holding(s) in Company
next post
S&P 500 Futures Slip 0.51%

You may also like

Amazon is stepping up to fill a gap...

May 2, 2025

Digital health companies got pummeled by Wall Street...

December 26, 2024

Ben & Jerry’s co-founder resigns, claiming parent company...

October 1, 2025

Trump’s massive 46% Vietnam tariffs could hit Nike,...

April 3, 2025

Microsoft says goodbye to the Windows blue screen...

July 1, 2025

FCC is investigating Disney and ABC for DEI...

March 30, 2025

United Airlines reaches ‘industry-leading’ labor deal with flight...

May 25, 2025

Fox One streaming service to launch ahead of...

August 7, 2025

UAW union endorses Vice President Kamala Harris over...

August 2, 2024

Procter & Gamble to cut 7,000 jobs as...

June 9, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Franklin Templeton Advocates for Blockchain Modernization in US$18 Trillion Retirement Market

      January 22, 2026
    • Vanadium Market Forecast: Top Trends for Vanadium in 2026

      January 22, 2026
    • Steve Penny: Silver’s Big Move Still to Come, Watch This Price Trigger

      January 22, 2026
    • Skyharbour Announces Major 2026 Exploration Campaign with Denison Mines at Russell Lake Uranium Joint Ventures

      January 22, 2026
    • CHARBONE annonce des ventes d’hydrogene en Ontario afin d’alimenter des generatrices a pile a combustible pour l’industrie du cinema

      January 22, 2026
    Promotion Image

    banner ads

    Categories

    • Business (929)
    • Economy (839)
    • Investing (3,713)
    • Politics (747)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.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 © 2026 smarttradeinsights.com | All Rights Reserved