Breaking News

Karoline Leavitt Ridiculed By Trump's Former Attorney With Her Most Brutal Nickname Yet

Pam Bondi's Cheap Looking Suit Is Giving SHEIN Instead Of Sophisticated

Usha Vance Confuses Ohio State White House Visit For Nursing Home In Bizarre Senior Citizen Sneakers

Candace Cameron Bure's Awful Orange Bronzer Feels Like A Thirst Trap For Trump

Pam Bondi & Dana Perino Duke It Out For Worst Disaster 'Do In Battle Of The Fox News Blondes

Trump & Elon's Bromance Is Wilting As New Leak Conveniently Reveals Donald Is In Charge

Michelle Trachtenberg's Cause Of Death Is Truly Tragic

Trump's Medical Records Hint At Real Reason He Wears So Much Makeup (& Expose An Insecurity)

2024-11-15

546 Read.

General Motors Laying Off 1,000 White Collar Workers

General Motors confirmed that it is laying off about 1,000 workers.

Most of the workers, which are spread around the world, are in white collar jobs.

The company emailed affected workers early Friday morning. A majority of them are in the Detroit area.

"We need to optimize for speed and excellence," a statement to the Associated Press said. "This includes operating with efficiency, ensuring we have the right team structure and focusing on our top priorities."

The company is trying to cut costs due to unprofitable electric vehicles, the Wall Street Journal reported.

GM had a round of layoffs earlier in the year. Last year, about 5,000 workers took voluntary buyout offers.

The company is reportedly trying to come up with $2 billion in savings by the end of the year.

Read moreStrong Auto Prices Lift GM Results As It Eyes China RevampWaymo's Robotaxi Service In L.A. Won't Service One Major DestinationGM's Self-Driving Cruise To Pay $500,000 Fine In Connection With Robotaxi Running Over Woman