GM to cut 1,000 service jobs

by times news cr

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General Motors (GM) reported yesterday that it will reduce its workforce in the areas of software y services.

He Michigan manufacturer will lay off more than a thousand employees, including 600 at the firm’s technology campus near Detroitaccording to reports from CNBC and of Detroit News.

GM confirmed the information, but declined to give data on the number of people affected by the measure. By the end of 2023, GM had about 76 thousand salaried employeesa number that rose to 87 thousand if hourly paid workers are considered.

In July, GM reported higher profits thanks to sales in the United States that offset losses in China.

The company authorized a $6 billion share buyback program in June.

The American automobile manufacturer General Motors (GM) posted much better-than-expected second-quarter results, thanks to strong sales in North America, but lost ground in the rest of the world.

2024-08-22 05:45:58

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