GM lays off hundreds of salaried workers as part of profit push
Published in Automotive News
General Motors Co. cut hundreds of jobs on Friday, just days after raising its profit guidance for the year in a move that sent the shares soaring.
The automaker laid off more than 200 salaried staff, mostly at its Tech Center in Warren, Michigan, north of Detroit. The message was delivered around 7 a.m., when the company called some of the affected employees to a Slack channel to say that the firings were due to “business conditions” and not their performance, according to people familiar with the meeting who asked not to be identified discussing internal matters.
GM has been streamlining the company to boost profits at a time when automakers are trying to cope with President Donald Trump’s changing policies. Tariffs have added costs that automakers mostly have not offset with higher prices, and they are reining in investments for electric vehicles that are selling slowly as the government eliminates incentives.
When deciding on positions to cut, the company looked through its white collar ranks to find duplicate jobs and ways to work more efficiently, one of the people said.
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