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GM lays off over 1,000 salaried software, services employees
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GM lays off over 1,000 salaried software, services employees
Aug 19, 2024 6:51 AM

Aug 19 (Reuters) - General Motors ( GM ) said Monday it

is laying off more than 1,000 salaried employees at its software

and service units worldwide.

GM, confirming the layoffs initially reported by CNBC, said

in a statement that "as we build GM's future, we must simplify

for speed and excellence, make bold choices, and prioritize the

investments that will have the greatest impact."

CNBC said the job cuts include roughly 600 jobs at GM's

tech campus near Detroit. GM, which said about half of the cuts

are in the United States, said the cuts were not because of cost

cuts but came after a review of operations following the

departure of Mike Abbott, executive vice president of software

and services in March who left due to health reasons.

Abbott, a former Apple executive, was hired in 2023 to

spearhead GM's software development efforts amid an investment

rampup from the automaker in electric vehicles and subscription

based services.

In April 2023, GM said about 5,000

of its salaried workers took buyouts

to leave the company as it worked to hit a $2 billion

cost-cutting target after it cut hundreds of executive-level and

salaried jobs in February 2023

.

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