General Motors cuts 1,000 jobs amid $2 billion cost savings

By Newsweek | Nov 15, 2024 at 01:17 PM EST

General Motors plans to cut 1,000 jobs globally to reduce costs by $2 billion by 2024. The layoffs will mainly affect white-collar workers, emphasizing efficiency and team structure. GM is navigating challenges in the EV market and recently recalled vehicles due to a transmission defect.

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