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Update: Market Chatter: General Motors Plans to Cut 1,000 Salaried Workers
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Update: Market Chatter: General Motors Plans to Cut 1,000 Salaried Workers
Nov 15, 2024 11:11 AM

12:29 PM EST, 11/15/2024 (MT Newswires) -- (Updates with General Motors' ( GM ) comment in the second paragraph.)

General Motors ( GM ) is planning to cut around 1,000 salaried positions globally in an attempt to streamline its operations, Bloomberg reported Friday, citing people familiar with the matter.

"In order to win in this competitive market, we need to optimize for speed and excellence," a General Motors ( GM ) spokesperson told MT Newswires. "This includes operating with efficiency, ensuring we have the right team structure, and focusing on our top priorities as a business."

(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.)

Price: 57.24, Change: -0.38, Percent Change: -0.67

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