Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Noble Extends Warrants
Rick Rule: Gold Strategy, Oil Stocks I Own,...
Adrian Day: Gold Far from Top, Two Triggers...
Aurum Hits 5m @ 11.07 g/t Gold from...
Silver Added to USGS 2025 List of Critical...
Nevada Sunrise Closes $650,000 Private Placement
$2million placement to advance Argentine exploration
Crypto Market Update: Ripple Raises US$500 Million, Canada...
Agriculture Market Update: Q3 2025 in Review
October monthly job cuts surged to a 22-year...
  • 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

Boeing factory workers strike after overwhelmingly rejecting contract

September 15, 2024

MSNBC President Rashida Jones steps down after four-year...

January 15, 2025

How Foot Locker is waging a comeback after...

September 24, 2024

Trump clears Nippon merger with U.S. Steel

May 25, 2025

American liquor exports hit record high in 2024,...

April 26, 2025

Donatella Versace steps down as head of Italian...

March 14, 2025

A top Federal Reserve official says bleak jobs...

August 12, 2025

Universal’s ‘Wicked: For Good’ creates a unique marketing...

January 26, 2025

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

February 22, 2025

Streaming overtakes cable and broadcast as the most-watched...

June 19, 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

    • Noble Extends Warrants

      November 7, 2025
    • Rick Rule: Gold Strategy, Oil Stocks I Own, “Sure Money” in Uranium

      November 7, 2025
    • Adrian Day: Gold Far from Top, Two Triggers for Next Price Move

      November 7, 2025
    • Aurum Hits 5m @ 11.07 g/t Gold from Outside BDT2 Resources

      November 7, 2025
    • Silver Added to USGS 2025 List of Critical Minerals

      November 7, 2025
    Promotion Image

    banner ads

    Categories

    • Business (901)
    • Economy (829)
    • Investing (3,196)
    • 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