Reported 8 days ago
General Motors is laying off approximately 1,000 employees worldwide, primarily white-collar workers, as part of its strategy to reduce expenses and enhance competitiveness in the saturated automobile market. The company aims to streamline operations and has acknowledged challenges in transitioning to electric vehicles. With EV sales increasing, GM is focused on maintaining efficiency and achieving its goal of reducing fixed costs by $2 billion by the year's end.
Source: YAHOO