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General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market

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General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.

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Read full article: ‘Everyone deserves to reach their destinations safely’: Jacksonville hosts event to remember those lost in crashes Una Chevrolet Silverado 2500 HD Custom modelo 2024 exhibida en el Pittsburgh International Auto Show, en Pittsburgh, el 15 de febrero de 2024. – GM and other automakers have been navigating an uncertain transition to electric vehicles both in the U.S. and worldwide, trying to figure out where to invest capital and how fast the switch will happen.

 

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General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile marketGeneral Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market. The workers are mostly salaried but some blue-collar workers were affected. They were told of the moves early Friday. The company confirmed the layoffs in a statement but gave few details.
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Next week: IMF global economic outlook, General Motors earnings, US existing home salesOn Tuesday, the International Monetary Fund issues its semi-annual World Economic Outlook and General Motors reports its third-quarter financial results. On Wednesday, the National Association of Realtors reports on sales of existing homes in September.
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General Motors stock rises as Q3 earnings surpass expectationsGeneral Motors stock rises as Q3 earnings surpass expectations
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