Bank Street Journal
  • Business
  • Politics
  • World
  • Investing
  • Business
  • Politics
  • World
  • Investing
No Result
View All Result
Bank Street Journal
No Result
View All Result
Home Business

GM lays off 1,000 employees amid reorganization and cost-cutting

November 17, 2024
in Business
GM lays off 1,000 employees amid reorganization and cost-cutting
0
SHARES
25
VIEWS
Share on FacebookShare on Twitter

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

Protesters storm parliament in breakaway Georgia region of Abkhazia over Russia deal

Next Post

Debt-ridden Harris campaign spent $2.6 million on private flights for staff in October: FEC documents

Next Post
Debt-ridden Harris campaign spent $2.6 million on private flights for staff in October: FEC documents

Debt-ridden Harris campaign spent $2.6 million on private flights for staff in October: FEC documents

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Team USA’s loudest supporters say FIFA pushed them to upper deck for World Cup

    Team USA’s loudest supporters say FIFA pushed them to upper deck for World Cup

    June 5, 2026
    Jozy Altidore, now a broadcaster, is bullish on the U.S. making a deep World Cup run

    Jozy Altidore, now a broadcaster, is bullish on the U.S. making a deep World Cup run

    June 4, 2026
    Trump administration cites forced labor concerns as grounds for new tariffs

    Trump administration cites forced labor concerns as grounds for new tariffs

    June 4, 2026
    Congress invites NFL Commissioner Roger Goodell to testify about league’s use of streaming services

    Congress invites NFL Commissioner Roger Goodell to testify about league’s use of streaming services

    June 3, 2026
    Disclaimer: bankstreetjournal.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.

    Popular

    Judge declines to jail teenager accused of killing stepsister aboard cruise ship

    Judge declines to jail teenager accused of killing stepsister aboard cruise ship

    May 29, 2026

    Jerome Powell warns politicizing the Federal Reserve would cost public trust

    Jerome Powell warns politicizing the Federal Reserve would cost public trust

    June 2, 2026

    Recent News

    Team USA’s loudest supporters say FIFA pushed them to upper deck for World Cup

    Team USA’s loudest supporters say FIFA pushed them to upper deck for World Cup

    June 5, 2026
    Jozy Altidore, now a broadcaster, is bullish on the U.S. making a deep World Cup run

    Jozy Altidore, now a broadcaster, is bullish on the U.S. making a deep World Cup run

    June 4, 2026
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 bankstreetjournal.com | All Rights Reserved

    No Result
    View All Result
    • Business
    • Politics
    • World
    • Investing

    Copyright © 2026 bankstreetjournal.com | All Rights Reserved