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GM’s Cruise to Cut 1,000 Jobs
GM cuts 1,000 jobs from Cruise, its abandoned self-driving taxi division
General Motors on Tuesday completed its acquistion of the Cruise autonomous vehicle unit, laying off half the workforce. The 1,000 who remain at General Motors will be folded into the company's advanced driver assistance systems engineering, which includes the company’s SuperCruise technology.
GM’s Cruise to Cut 1,000 Jobs as Robotaxi Service Shuts Down
General Motors Co. is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo and people familiar with the matter, part of a previously announced plan to halt robotaxi service and absorb the operations into its broader business.
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.
Futurism on MSN
3h
Failed Robotaxi Company Laying Off Workforce
General Motors' robotaxi company Cruise has begun laying off its employees, The Verge reports. It's the final nail in the ...
17h
GM takes full control of Cruise in autonomous personal vehicle shift
GM said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing autonomous technology ...
22h
GM finalizes Cruise acquisition as layoffs loom for workers
General Motors is slashing Cruise's workforce by half after buying out all other remaining shareholders of the autonomous ...
4d
on MSN
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 ...
2d
General Motors Cannot Pass All Tariffs Costs Onto Customers
General Motors’ lack of preparedness for tariffs raises concerns. Read why GM stock could face cost pressures that ...
1d
General Motors lays off 50% of Cruise workforce, TechCrunch reports
General Motors (GM)’ autonomous vehicle company Cruise is laying off 50% of its workforce as it prepares to shut down operations, Rebecca ...
American Banker
1d
General Motors' GM Financial resubmits ILC application
The finance arm of the Detroit automaker has resubmitted its application for an industrial loan company charter to the ...
9d
GM job salaried cuts continue, could run through February, in new performance evaluations
Some GM salaried workers are being let go as the company continues to use a new evaluation program that weeds out poor ...
8d
General Motors Q4 Earnings: Revenue And EPS Beat, Takes $5 Billion Hit On China & Robotaxi Woes
General Motors Company (NYSE:GM) shares are trading lower in the premarket session on Tuesday. The automotive behemoth ...
1d
General Motors acquires full ownership of Cruise autonomous business
General Motors has finalized the complete acquisition of its Cruise autonomous vehicle unit to focus on developing the ...
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