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
.