• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Investing

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

by November 16, 2024
written by November 16, 2024

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
0 comment
0
FacebookTwitterPinterestEmail

previous post
TikTok parent ByteDance’s valuation hits $300 billion amid US ban uncertainty, WSJ reports
next post
G20 diplomats hit snags on climate, taxation and Ukraine, sources say

You may also like

The architect of Amazon’s supply chain on running...

February 25, 2026

Elon Musk’s SpaceX acquires xAI

February 25, 2026

Landmark trial accusing social media companies of addicting...

February 25, 2026

Trump administration alleges Nike discriminated against white workers

February 25, 2026

Cardi B’s cameo in Bad Bunny’s Super Bowl...

February 25, 2026

Retail operator of outdoor sportswear pioneer Eddie Bauer...

February 25, 2026

CFTC chief sides with prediction markets over state...

February 25, 2026

Warner Bros. Discovery reopens talks with Paramount

February 25, 2026

Justice Department’s antitrust chief says she’s leaving, effective...

February 25, 2026

L.A. County sues Roblox, alleges platform makes it...

February 25, 2026
Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!








    By signing up, you're cool with getting emails from us. Don’t worry — your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    Recent Posts

    • Elon Musk’s SpaceX acquires xAI

      February 25, 2026
    • The architect of Amazon’s supply chain on running a startup with your spouse

      February 25, 2026
    • Trump administration alleges Nike discriminated against white workers

      February 25, 2026
    • Landmark trial accusing social media companies of addicting children to their platforms begins

      February 25, 2026

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (688)
    • Stock (6,426)

    Latest News

    • Elon Musk’s SpaceX acquires xAI
    • The architect of Amazon’s supply chain on running a startup with your spouse

    Popular News

    • Citi sees ‘favorable near term setup for retail stocks’ after election
    • Earnings call: Kinross Gold reports strong Q3 with record cash flow

    About The Significant deals

    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy