Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Outstanding Antimony Results at Casablanca
Vale CEO: Real Assets Gaining Traction as Money...
Valeura Energy Inc. Announces Thailand to Prioritise Domestic...
Syntholene Energy Corp. Closes Oversubscribed $3.75 Million Non-Brokered...
Blackrock Silver Receives First of Three Key Permits...
AFDG – Copper Intelligence announces transportation of Drill...
Steadright Closes First Tranche of Unit Offering
Locksley Announces High-Grade Antimony Assays at Desert Antimony...
Clean Energy & Renewables Virtual Investor Conference Agenda...
New Found Gold Grade Control Drilling Continues to...
  • 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

Nvidia’s CEO did a Q&A with analysts. What...

March 27, 2025

As his feud with Trump reignites, Musk’s business...

July 3, 2025

Murdoch to provide Trump health updates in deal...

August 6, 2025

Walgreens to close 1,200 stores over the next...

October 16, 2024

Waymo offers teen accounts for driverless rides

July 9, 2025

Some Walmart garment orders from Bangladesh on hold...

July 14, 2025

American Airlines flight attendants ratify new contract with...

September 14, 2024

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

September 30, 2025

Retail operator of outdoor sportswear pioneer Eddie Bauer...

February 12, 2026

Apple sued by shareholders who allege it overstated...

June 24, 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

    • Outstanding Antimony Results at Casablanca

      March 3, 2026
    • Vale CEO: Real Assets Gaining Traction as Money Shifts Away from Tech

      March 3, 2026
    • Valeura Energy Inc. Announces Thailand to Prioritise Domestic Energy Supply

      March 3, 2026
    • Syntholene Energy Corp. Closes Oversubscribed $3.75 Million Non-Brokered Private Placement

      March 3, 2026
    • Blackrock Silver Receives First of Three Key Permits for the Tonopah West Project

      March 3, 2026
    Promotion Image

    banner ads

    Categories

    • Business (941)
    • Economy (839)
    • Investing (4,012)
    • 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