Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Locksley Advances Toward US Antimony Production
$25M+ Strategic JV Agreement with Endeavour Mining for...
Equity Metals Corporation to Attend 121 Mining Investment...
Empire Metals Limited Announces Appointment of Joint Corporate...
Lahontan Receives BLM Approval Of Santa Fe Exploration...
Realigning Portfolio Allocation with Nicholas Mersch
Glencore Bets on China’s Aluminum Boom with Chuangxin...
Locksley Resources LimitedAppointment of Experienced Geologist Ian Stockton...
Senior Loan Facility Refinanced with Nebari
Nextech3D.ai Poised for Growth as Event-Tech and 3D/AR...
  • 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

Tariffs and weaker beer demand are weighing on...

July 4, 2025

CEOs want workers back in offices—this company is...

February 22, 2025

How sustainable diaper brand Kudos is taking on...

August 7, 2024

Amazon’s Zoox robotaxi unit issues software recall after...

May 7, 2025

Amazon extends Prime Day discounts to 4 days...

July 10, 2025

JPMorgan Chase is giving its employees an AI...

August 13, 2024

Clean energy stocks fall as Trump bill would...

July 2, 2025

Women’s Tennis Association extends media rights deal with...

June 27, 2025

Giorgio Armani group names longtime executive Giuseppe Marsocci...

October 18, 2025

DOJ sues software firm RealPage for allegedly helping...

August 25, 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

    • Locksley Advances Toward US Antimony Production

      November 14, 2025
    • $25M+ Strategic JV Agreement with Endeavour Mining for Gold Exploration in Kazakhstan

      November 14, 2025
    • Equity Metals Corporation to Attend 121 Mining Investment Conference in London

      November 14, 2025
    • Empire Metals Limited Announces Appointment of Joint Corporate Broker

      November 14, 2025
    • Lahontan Receives BLM Approval Of Santa Fe Exploration Plan Of Operations

      November 14, 2025
    Promotion Image

    banner ads

    Categories

    • Business (901)
    • Economy (829)
    • Investing (3,247)
    • Politics (737)
    • 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 © 2025 smarttradeinsights.com | All Rights Reserved