Jacobson, speaking at an investor conference in New York on Tuesday, disclosed the number of employees who have taken package offered last month. He said that the company will take about a $1 billion charge in the first quarter, but that the downsizing will save the company about $1 billion on an annual basis. The buyouts were offered to all US salaried staff with at least five years at the company and international executives who had worked at GM at least two years.
Ford\n \n announced in August that it would cut 3,000 white collar jobs as part of its planned shift to EVs, with 2,000 being Ford\n \n employees and 1,000 contractors. Then in March Ford\n \n cut 3,800 jobs across Europe, citing difficult economic conditions and its shift to EVs. Last year Tesla\n \n has also announced plans to cut about 10% of its salaried staff even as it adds hourly workers to increase production at two new factories in Austin, Texas, and Berlin.
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