Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Questcorp Mining Announces Upsized Private Placement
Geopolitics, Power and Resources Collide as Global Order...
LAURION Intersects High-Grade Gold and Polymetallic Mineralization in...
Halcones Precious Metals Announces Approval of Warrants Extension
Mayfair Gold Presents the Initial Results from the...
1911 Gold to Present at the Metals &...
Tartisan Nickel Corp. Intersects 11.0 Metres of 1.05%...
Standard Uranium Initiates Winter Drill Program at Corvo...
Crypto Market Update: Clarity Act stalls as Banks...
Ten Bodies Found as Mexico Probes January Kidnapping...
  • 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

U.S. stocks close higher, bouncing back from deep...

August 8, 2024

Google says U.S. faces a power capacity crisis...

February 13, 2025

Home sale commissions are getting a shake-up this...

August 19, 2024

Starbucks poaches Nordstrom CFO as executive shake-up continues

March 5, 2025

Amazon is stepping up to fill a gap...

May 2, 2025

Walmart fined for shipping realistic toy guns to...

May 29, 2025

Elon Musk’s X and Starlink face nearly $1...

September 21, 2024

U.S. charges former Wamco executive Kenneth Leech with...

November 27, 2024

With Trump digital coins, billions of dollars —...

January 23, 2025

Apple announces iPhone event for Sept. 9

August 27, 2024

    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

    • Questcorp Mining Announces Upsized Private Placement

      February 11, 2026
    • Geopolitics, Power and Resources Collide as Global Order Frays

      February 11, 2026
    • LAURION Intersects High-Grade Gold and Polymetallic Mineralization in Drill Holes LBX25-101 and LBX25-102 at Ishkoday A-Zone Corridor

      February 11, 2026
    • Halcones Precious Metals Announces Approval of Warrants Extension

      February 11, 2026
    • Mayfair Gold Presents the Initial Results from the 2025 Grade Control Drilling Program at the Fenn-Gib Project

      February 11, 2026
    Promotion Image

    banner ads

    Categories

    • Business (935)
    • Economy (839)
    • Investing (3,866)
    • 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