General Motors Reduces Workforce by 1,000 to Cut Costs

The automaker aims to save $2 billion by the end of 2024 through layoffs and restructuring.

The latest round of layoffs affects approximately 1,000 employees, primarily white-collar workers in the U.S., including significant cuts at the Global Technical Center in Warren, Michigan.
This is GM's third workforce reduction since August, following earlier layoffs in its software and services division and a Kansas manufacturing plant.
The layoffs are part of GM's strategy to streamline operations and focus on its most profitable segments amid challenges in the global automotive market.
GM is balancing investments in electric vehicles with updates to existing gasoline-powered models due to slower-than-expected EV adoption.
The company also faces challenges with recent recalls affecting over 460,000 vehicles due to transmission defects.