General Motors laid off more than 200 salaried employees on Friday, as the automaker continues to cut costs. The job cuts were primarily Computer-Aided Design, or CAD, engineers who worked at the company's global tech campus in metro Detroit, according to GM.
GM issued layoff notices to some workers on Friday morning, mostly based in its Tech Center in Warren, Michigan. "We're restructuring our design engineering team," a GM spokesperson wrote to Business Insider.
The move comes days after GM's stock surged to a record price following better-than-expected earnings and a rosier outlook for the impact of automotive tariffs.
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of General Motors Company (NYSE: GM) breached their fiduciary duties to shareholders. If you currently own General Motors stock and acquired shares on or before February 24, 2021, you may be able to seek corporate governance reforms, the return of funds back to the c...
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of General Motors Company (NYSE: GM) breached their fiduciary duties to shareholders. If you currently own General Motors stock and acquired shares on or before February 24, 2021, you may be able to seek corporate governance reforms, the return of funds back to the c...
General Motors and Stellantis will no longer be exempt from paying Canada's retaliatory tariffs on as many U.S.-assembled vehicles as before, CBC News reported on Thursday.
General Motors just offered a glimpse into an AI-powered future in which drivers read a book or answer texts while their cars whisk them to their destinations.
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