GM layoffs: EV market downturn hits automaker to the tune of 1,750 job cuts

By Yahoo! Finance   |   1 month ago
GM layoffs: EV market downturn hits automaker to the tune of 1,750 job cuts

General Motors announced layoffs of 1,750 workers in Michigan and Ohio due to a slowdown in the U.S. electric vehicle market. The company plans to adjust production but remains committed to its U.S. manufacturing footprint. GM's recent financial results exceeded expectations, with revenue of $48.

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