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General Motors announced Monday it would lay off over 1,000 salaried employees in its software and services division.
“The layoffs include roughly 600 jobs at General Motors’ tech campus near Detroit,” CNBC reports.
“As we build GM’s future, we must simplify for speed and excellence, make bold choices, and prioritize the investments that will have the greatest impact,” a GM spokesman said in a statement, according to CNBC.
“As a result, we’re reducing certain teams within the Software and Services organization. We are grateful to those who helped establish a strong foundation that positions GM to lead moving forward,” the statement added.
🚗 GM lays off more than 1,000 salaried software and services employees
– pic.twitter.com/M2chvOMNbK— DailyJobCuts . com – Layoffs / Job / Economy News (@dailyjobcuts) August 19, 2024
General Motors is laying off more than 1,000 salaried employees globally in its software and services division following a review to streamline the unit’s operations,
The layoffs, including roughly 600 jobs at GM’s tech campus near Detroit, come less than six months after… pic.twitter.com/jh6yZ1JAd8
— Mike Netter (@nettermike) August 19, 2024
Per CNBC:
GM declined to disclose the full number of layoffs, but a source familiar with the matter confirmed more than 1,000 salaried employees would be laid off, including 600 in Warren, Michigan. Impacted employees were notified Monday morning.
The layoffs represent about 1.3% of the company’s global salaried workforce of 76,000 as of the end of last year. That included about 53,000 U.S. salaried employees.
The cuts come as automakers attempt to reduce costs and, in many instances, employee headcount amid fears of an industry downturn — and as they’re spending billions of dollars on emerging markets such as all-electric vehicles and so-called “software-defined vehicles.”
🚨🇺🇸GENERAL MOTORS LAYS OFF OVER 1,000 SALARIED EMPLOYEES IN SOFTWARE AND SERVICE UNITS
The cuts, which include around 600 jobs at GM’s tech campus near Detroit, are part of the company’s efforts to “simplify for speed and excellence” and prioritize impactful investments as it… pic.twitter.com/Z5wioKg6dh
— Mario Nawfal (@MarioNawfal) August 19, 2024
Reuters noted:
In April 2023, GM said about 5,000 of its salaried workers took buyouts to leave the company as it worked to hit a $2 billion cost-cutting target after it cut hundreds of executive-level and salaried jobs in February 2023.
In December 2023, GM announced plans to lay off approximately 1,300 workers at two plants in Michigan.
From Automotive Dive:
General Motors is laying off 1,314 workers at two plants in Michigan, according to two notices filed with the Department of Labor and Economic Opportunity in Michigan.
The layoffs included 945 workers at GM’s Orion Assembly facility and 369 at the automaker’s Lansing Grand River Assembly/Stamping plant.
The layoffs come six weeks after GM agreed with the United Auto Workers union on a new labor contract that includes 25% wage hikes over the next four and a half years and the ability to strike against plant closures.
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