11:41 AM EDT, 08/19/2024 (MT Newswires) -- (Updates with details throughout and company response in the third paragraph.)

General Motors ( GM ) is laying off more than 1,000 salaried employees globally in its software and services division after a review of the unit, CNBC reported Monday, citing an unnamed source familiar with the matter.

The layoffs include about 600 jobs at GM's tech campus near Detroit and the affected employees were notified Monday morning, CNBC reported. A company spokesman reportedly told MT Newswires that the GM is reducing certain teams within its software and services group but did not disclose the number of layoffs.

"As we build [General Motors' ( GM )] future, we must simplify for speed and excellence, make bold choices, and prioritize the investments that will have the greatest impact. As a result, we're reducing certain teams within the Software and Services organization," a General Motors ( GM ) spokesperson told MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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