General Motors (GM) has announced the layoff of approximately 1,000 employees globally, as part of cost-cutting measures aimed at maintaining competitiveness in the increasingly crowded global automobile market.
The layoffs, which predominantly affect white-collar workers, were communicated early Friday. While the company refrained from providing extensive details, it confirmed the decision in a statement highlighting its focus on efficiency and prioritization.
“We need to optimize for speed and excellence,” GM stated. “This includes operating with efficiency, ensuring we have the right team structure, and focusing on our top priorities.”
The move comes as GM and other automakers grapple with the challenges of transitioning to electric vehicles (EVs). The shift involves balancing the continued development of gas-powered models while investing heavily in EV battery manufacturing, assembly plants, and sourcing critical minerals for next-generation electric vehicles.
With a workforce of approximately 150,000 employees worldwide, including 40,000 white-collar workers, GM’s largest concentration of staff is based at its technical center in Warren, Michigan. The automaker’s restructuring underscores the intense pressure on traditional carmakers to adapt quickly in a rapidly evolving industry landscape.
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