Economy
General Motors to cut 1,000 jobs, impacting software and services division
Layoffs represent 1.3% of automaker's global workforce
Ovunc Kutlu |
19.08.2024 - Update : 19.08.2024
ISTANBUL
General Motors (GM) is set to cut 1,000 jobs, primarily affecting its software and services division, according to multiple reports on Monday.
The layoffs will impact around 600 employees at GM's tech campus near Detroit, Michigan. The automaker's global workforce was approximately 76,000 at the end of 2023, with about 53,000 of those workers based in the United States. This reduction represents about 1.3% of the company’s overall workforce.
Following the announcement, GM's stock price fell 0.24% to $45.21 per share on the New York Stock Exchange as of 10:22 a.m. EDT (1422 GMT).
Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.
