General Motors, an automotive manufacturing firm, has announced to lay over 1,000 salaried employees globally from its software and service division. By reducing its workforce, General Motors aims to streamline its operations and better align with its strategic priorities, ultimately positioning itself more effectively in the rapidly changing automotive industry.
"As we build GMโs future, we must simplify for speed and excellence, make bold choices, and prioritize the investments that will have the greatest impact," according to CNBC, quoted by Reuters.
This round of job cuts affects almost 600 employees from Detroitโs tech campus. As per the American multinational company, the United States will be the most impacted country with half of the layoffs from there. The layoffs follow the operation review conducted in March by Mike Abbott, EVP, of software and services, who left from his services for health reasons.
Abbott, who previously worked with Apple, was onboarded by GM to spearhead its software development initiatives as part of the automakerโs broader investment plans in electric vehicles and subscription-based services.
In April 2023, around 5,000 of GMโs salaried workers were made to leave the company to meet a targeted cost-cutting of $2 billion, following the reduction of hundreds of executive-level and salaried positions in February 2023.
๐๐ญ๐๐ฒ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ ๐ฐ๐ข๐ญ๐ก ๐จ๐ฎ๐ซ ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐ฎ๐ฉ๐๐๐ญ๐๐ฌ ๐๐ฒ ๐ฃ๐จ๐ข๐ง๐ข๐ง๐ ๐ญ๐ก๐ WhatsApp Channel now! ๐๐ฒ
๐ญ๐๐๐๐๐ ๐ถ๐๐ ๐บ๐๐๐๐๐ ๐ด๐๐ ๐๐ ๐ท๐๐๐๐ฌ ๐ Facebook, LinkedIn, Twitter, Instagram
