Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
A$1.25 Million Placement to Advance Copper-Gold Exploration
Final Assay Results Highlight Potential for New Discoveries
Valeura Energy Inc. Announces Manora Drilling Exceeds Management’s...
Valeura Energy Inc. – Thailand Clarifies Fuel Security...
Crypto Market Update: Strait of Hormuz Fears Rattle...
Nuvau Minerals Announces Closing of Final Tranche of...
Venezuela Gold Set for US Market in Brokered...
Crypto Market Update: Trump Demands Swift Passage of...
Crypto Market Update: Wall Street Deepens Crypto Stake...
InMed Provides Update on BayMedica Operations and Strengthens...
  • 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

Fox One streaming service to launch ahead of...

August 7, 2025

‘People are stretched’: Average consumer now carries $6,329...

August 10, 2024

Charlie Javice sentenced to 7 years in prison...

October 2, 2025

23andMe to delist from Nasdaq, deregister with SEC

May 29, 2025

Bitcoin and other crypto assets sink in flight...

November 24, 2025

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

October 6, 2025

Walmart issues recall of apple juice sold in...

August 28, 2024

Ford joins list of companies walking back DEI...

August 30, 2024

Federal judge overturns $4.7 billion jury verdict in...

August 3, 2024

Treasury Dept. will not enforce ownership information reporting...

March 4, 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

    • A$1.25 Million Placement to Advance Copper-Gold Exploration

      March 9, 2026
    • Final Assay Results Highlight Potential for New Discoveries

      March 9, 2026
    • Valeura Energy Inc. Announces Manora Drilling Exceeds Management’s Expectations

      March 9, 2026
    • Valeura Energy Inc. – Thailand Clarifies Fuel Security Measures

      March 9, 2026
    • Crypto Market Update: Strait of Hormuz Fears Rattle Crypto Markets

      March 9, 2026
    Promotion Image

    banner ads

    Categories

    • Business (943)
    • Economy (839)
    • Investing (4,056)
    • 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