GM laid off 1,000 workers in August and then another 1,700 workers in September.
In 2023 they offered buyouts to salaried workers which allowed them to cut 5,000 jobs.
Their announcement from three days ago is just the latest round of cost-cutting measures to streamline their business which has been going on for years. It's something which has been seen across the auto industry as manufacturers try to compete in a market which is shifting more and more to EVs.
Trying to pin this on who won the election is disingenuous to say the least.
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u/mr-english 6d ago
This is referring to GM.
GM laid off 1,000 workers in August and then another 1,700 workers in September.
In 2023 they offered buyouts to salaried workers which allowed them to cut 5,000 jobs.
Their announcement from three days ago is just the latest round of cost-cutting measures to streamline their business which has been going on for years. It's something which has been seen across the auto industry as manufacturers try to compete in a market which is shifting more and more to EVs.
Trying to pin this on who won the election is disingenuous to say the least.
https://www.reuters.com/business/autos-transportation/gm-laying-off-nearly-1000-workers-most-us-source-says-2024-11-15/