General Motors will lay off more than 1,000 employees, the company is facing the brunt of the global recession
General Motors Layoffs: American auto company General Motors is facing the brunt of the global recession, which is affecting thousands of its employees around the world. Now the company has talked about laying off about 1000 employees from all over the world. The company said that we are grateful to those who helped in setting up a strong foundation. GM also did large-scale layoffs last year.
Well things are not faring well these days in American Auto major General Motors, With pain in their hearts, the company has had to lay off workers from its various divisions. These days the company is not only bearing the makings of recession across the globe but its also affecting their infrastructure. GM has discussed these more than 1,000 salaried global reductions in this notice with respect to the GM software and service division.
In a statement on August 19, GM said that we are planning the future for the company, we build the future of GM, we must simplify for speed and excellence, make the right choices for ourselves, and prioritize investments that will have the greatest impact. According to media reports, about 600 jobs will be lost at General Motors' Innovation Center in Warren, Michigan.
The site reportedly has a technical campus in which more than 21,000 employees work. GM said that about 50% of the jobs have been eliminated in the US. It has been said that the impact of this layoff will be seen on employees around the world.
Last year as well, General Motors laid off 1.3% of its employees globally. The company had around 76,000 employees working then. GM stated in its latest statement that it is showing gratitude toward people who helped establish a strong foundation. According to CNBC, fearing a recession, the automobile industry is trying to reduce expenses and, in many cases, employees also. At the same time, they are investing billions in growth areas such as software-defined vehicles and all-electric vehicles. Which is taken as one major reason for reducing jobs.
Layoffs occurred at a time when, in January, General Motors scrubbed the Ultra Cruise program. It was a potential competitor to Tesla's full self-driving system. The company had then merged the FSD team with its regular Super Cruise team. Despite being laid off and some other challenges, the company confirms it has not stopped working on expanding its hands-free driving system, slated for an expanded feature set by the end of 2025.
