GM laying off staff in software and services division
Layoffs affect 600 employees in Warren, Michigan
Check out what's clicking on FoxBusiness.com.
General Motors is laying off staff in the company's software and services division.
The layoffs affect 600 employees in Warren, Michigan, where GM has its Global Technical Center. The automaker didn't specify the overall number affected by the cuts.
The layoffs affect 600 employees in Warren, Michigan, where GM has its Global Technical Center. (REUTERS/Rebecca Cook / Reuters Photos)
CNBC reported on Monday that the layoffs will impact a total of more than 1,000 workers within the automaker’s software and services unit. They are global in nature.
GM said the company "must simplify for speed and excellence, make bold choices, and prioritize the investments that will have the greatest impact" as the company "build[s] GM's future."
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The software and services unit has been led by Baris Cetinok and Dave Richardson since June. Their promotions came just a couple of months after the exit of Mike Abbott for health reasons, GM said at the time.
The General Motors world headquarters office is seen at Detroit's Renaissance Center. (Photo by Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images)
"They bring energy and vision, combined with extensive technical and management experience, that will continue to strengthen our software engineering and product teams," CEO Mary Barra said in June of the two. "These elevated roles will ensure continuity, speed, and quality as software becomes even more central to the vehicle."
2025 CORVETTE ZR1 COMES WITH 1K HORSEPOWER AND POSSIBLY A STEEP PRICE TAG
GM reported a total of 76,000 salaried workers and 87,000 hourly workers were employed at the end of 2023.
The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, on March 16, 2021. (REUTERS/Rebecca Cook / Reuters Photos)
The automaker released quarterly financial results in late July.
GM CEO MARY BARRA ON EV STRATEGY AS 2024 ELECTION HEATS UP
During the second quarter, GM generated approximately $47.97 billion in revenues. Its net income totaled $2.93 billion.