Cruise to slash workforce by nearly 50% after GM cuts funding to robotaxi operations
In June 2024, GM injected another $850 million into Cruise, bringing its total spend on the company since acquiring most of Cruise’s shares in 2016 close to $10 billion. In September, Elshenawy, president and chief technologist of Cruise, threw a huge party for Cruise staffers that some read to be a sign that the company was moving forward.
GM’s Cruise to Slash 1,000 Jobs as Robotaxi Service Shutters
General Motors is cutting almost half of the workforce in its Cruise driverless car unit, according to an internal memo and people familiar with the matter, part of a previously announced plan.
GM gives up on loss-making Cruise robotaxi business
General Motors is giving up on its Cruise robotaxi business. The auto giant said Tuesday that it would end development at the loss-making unit, which had once been a top priority. GM said too much time and resources would be required to make Cruise a success.
GM Lays Off Half of Cruise Workforce After Pulling the Plug on Robotaxi
General Motors (GM) is laying off around half of the workforce from its discontinued Cruise robotaxi business, following its decision to shut
Cruise lays off half its staff after GM sunsets robotaxi program
Autonomous vehicle company Cruise is laying off around half of its workforce, according to reporting by TechCrunch. The cuts even extend to the CEO and other top executives. This is part of a major restructuring effort by parent company GM that will eventually see a total shutdown of operations.
GM cuts 50% of Cruise staff after ending robotaxi business
General Motors is laying off roughly half of the employees who remain at its discontinued Cruise robotaxi business.
GM Axes Half of Cruise as It Ditches Robotaxi Business
The robotaxi business is largely being abandoned in favor of autonomous technology for personal vehicles—specifically, GM’s Super Cruise system, which it has installed in many of its newer models. GM’s shift to Super Cruise is two-fold: First and foremost,
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GM Announces Record Profit-Sharing Checks of Up to $14,500 for Workers Amid Financial Ups and Downs
GM announced profit-sharing checks up to $14,500 for 45,000 U.S. hourly workers, a record linked to its strong pre-tax ...
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GM profit-sharing checks hit new record with worker payouts up to $14,500
General Motors’ 2024 profits will net hourly workers up to $14,500 -- a new record for the annual profit-sharing checks.
GM expects to save up to $1 billion on Cruise costs
General Motors expects to save up to $1 billion annually by ending its Cruise robotaxi development program, CEO and Chair ...
General Motors workers to receive record profit-sharing checks as EV production uncertain under Trump
General Motors announced record-breaking profits, which workers will see in their pockets with a $14,500 check.
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General Motors responds to Triple Eight Ford announcement
General Motors has responded to Triple Eight Race Engineering's decision to switch to Ford in 2026, in a switch that has made global headlines. Confirmed Friday, Triple Eight will return to Ford in ...
General Motors (GM) Reports Q4: Everything You Need To Know Ahead Of Earnings
Automotive manufacturer General Motors (NYSE:GM) will be reporting results tomorrow morning. Here’s what to look for.
Dow, S&P 500 futures fall over 1.5%, Ford and GM stocks hit by Trump tariffs
US stock futures plummeted Monday following President Donald Trump’s sweeping tariff announcement on key trading partners, ...
GM just crushed its earnings report, so why are investors fleeing?
Despite surpassing Wall Street expectations in its most recent earnings report, GM’s stock tumbled amid investor concerns ...