General Motors (GM) laid off over 200 salaried employees, mainly CAD engineers, in Detroit to restructure and boost profits. The layoffs were due to “business conditions,” not performance. This follows a trend of white-collar job reductions in the auto industry, with GM seeing a small percentage decrease in its U.S. salaried workforce.

These layoffs come after Rivian, an EV maker, cut roughly 4.5% of its workforce amid challenges in the EV market. President Donald Trump praised Ford and GM for being “UP BIG on Tariffs” after recent tariff changes for heavy- and medium-duty trucks. Both automakers are still facing additional cost burdens despite the tariff changes.

GM recently raised its 2025 financial guidance after beating Wall Street’s earnings expectations for the third quarter. GM stock had its second-best day on the market since emerging from bankruptcy in 2009. Shares of GM and Ford are up this year, with both hitting new 52-week highs on Friday.

Read more at CNBC: GM lays off more than 200 salaried workers in latest round of job cuts