From CNBC: 2024-08-19 09:14:40

General Motors plans to create 4,000 new jobs and retain 1,000 while increasing battery cell and electric truck manufacturing capacity in Michigan. In contrast, the company is laying off over 1,000 salaried employees globally in its software and services division to streamline operations. These actions reflect GM’s strategic focus on efficiency and future growth opportunities. The company declined to disclose the full layoff number but confirmed impacted employees were notified Monday. The decision affects about 1.3% of GM’s global salaried workforce of 76,000, with 53,000 in the U.S. The automotive industry faces challenges amid an industry downturn, prompting cost-cutting measures such as reducing headcount and investing heavily in electric vehicles and software development. Software and services play a crucial role for automakers like GM in generating recurring revenue and enhancing vehicle features.



Read more at CNBC: GM lays off more than 1,000 salaried software and services employees