Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
1911 Gold Announces Option Grant
Top 10 Copper-producing Companies
Clem Chambers: I Sold My Gold and Silver,...
Domestic Metals: Investing in America’s Copper Future to...
Precious Metals Price Update: Gold, Silver, PGMs Boosted...
FinEx Metals Announces Non-Brokered Private Placement for Gross...
Rio Silver Secures Community Permission to Commence Site...
Canadian Investment Regulatory Organization Trade Resumption – LAF
Faraday Copper Signs LOI to Acquire BHP’s San...
Germany’s Medical Cannabis Boom: Data-Driven Insights for Investors
  • 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

SEC charges Carl Icahn with hiding billions of...

August 21, 2024

Apple Watch getting redesigned blood oxygen feature following...

August 16, 2025

Airbus could prioritize deliveries to non-U.S. customers if...

February 21, 2025

Trump clears Nippon merger with U.S. Steel

May 25, 2025

‘Wicked’ tallies $19M in previews, as ‘Gladiator II’...

November 25, 2024

U.S. added 119,000 jobs in September, but there...

November 22, 2025

How birria took over restaurant menus across the...

September 27, 2024

Macy’s CEO says retailer will hike some prices...

May 29, 2025

The two-day or less shipping Americans have come...

August 27, 2024

Pfizer CEO says tariff uncertainty is deterring further...

April 30, 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

    • 1911 Gold Announces Option Grant

      February 26, 2026
    • Top 10 Copper-producing Companies

      February 26, 2026
    • Clem Chambers: I Sold My Gold and Silver, What I’m Buying Next

      February 26, 2026
    • Domestic Metals: Investing in America’s Copper Future to Meet Critical Metal Demand

      February 26, 2026
    • Precious Metals Price Update: Gold, Silver, PGMs Boosted by Geopolitical and Trade Tensions

      February 26, 2026
    Promotion Image

    banner ads

    Categories

    • Business (941)
    • Economy (839)
    • Investing (3,977)
    • 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