Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Boundiali extends strike and depth at BDT3 and...
Editor’s Picks: Gold, Silver Prices Dip and Bounce...
Justice Department’s antitrust chief says she’s leaving, effective...
A.I.S. Resources’ Saint John Copper/Gold/Antimony Project Gets TSXV...
Filing of Initial Prospectus
When Diamonds Are Not Forever: NWT’s Diamond Industry...
Keith Weiner: Silver Being Remonetized “With a Vengeance”...
Top 5 Canadian Mining Stocks This Week: Trinity...
Tech Weekly: AI “Scare Trade” Spills into New...
Crypto Market Update: Coinbase Posts US$667 Million Q4...
  • 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

What AI bubble? Nvidia’s strong earnings signal there’s...

November 22, 2025

Walz’s family relied on Social Security when his...

August 24, 2024

Ford and Mazda issue do-not-drive warnings for 457,000...

August 14, 2024

Uber will let women drivers and riders request...

July 25, 2025

Restaurants fight back against the FTC crackdown on...

August 27, 2024

Walgreens doubles down on prescription-filling robots to cut...

May 14, 2025

Trump accused Fed governor Lisa Cook of mortgage...

August 29, 2025

Mortgage rates see biggest one-day drop in over...

September 6, 2025

Amazon workers worldwide set to protest on Black...

November 28, 2024

Intel shares plunge 28%, dragging down global chip...

August 3, 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

    • Boundiali extends strike and depth at BDT3 and BST1

      February 16, 2026
    • Editor’s Picks: Gold, Silver Prices Dip and Bounce Back, Plus Top Takeover Candidate

      February 15, 2026
    • Justice Department’s antitrust chief says she’s leaving, effective immediately

      February 15, 2026
    • A.I.S. Resources’ Saint John Copper/Gold/Antimony Project Gets TSXV Acceptance

      February 14, 2026
    • Filing of Initial Prospectus

      February 14, 2026
    Promotion Image

    banner ads

    Categories

    • Business (938)
    • Economy (839)
    • Investing (3,895)
    • 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