General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market ...Middle East

DETROIT (AP) — General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market. The workers, mostly white collar, were notified about the decisions early Friday. The company confirmed the layoffs in a statement but gave few details. “We need to optimize for speed and excellence,” the statement said. “This includes operating with efficiency, ensuring we have the right team structure and focusing on our top priorities.” GM and other automakers have been navigating an uncertain transition to electric vehicles both in the U.S. and worldwide, trying to figure out where to invest capital and how fast the switch will happen. T

Read More Details
Finally We wish PressBee provided you with enough information of ( General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market )

Also on site :

Former student kills 10 people in Austrian high school shooting
Full interview: Susan Rice
Hollywood Royal, 35, Makes Jaw-Dropping Confession About Taylor Swift's Rock Icon Ex, 36

General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market ...Middle East

Starbucks Makes 'Bold' Announcement About Its Next Phase

Vince Marrow leaving Kentucky for Louisville is a crazy, but telling development for the SEC’s longest-tenured coach

Gov. Jared Polis warns GOP bill will ‘devastate’ Colorado health care system

Standard Nuclear emerges from the ashes of a failed startup

Cameron Homes opens show home at new Shropshire development

Ukrainian national charged over assassination plot in Russia – FSB

ICC WTC 2023-25 final: Is there a reserve day for the SA vs AUS clash at the Lord's?

How to improve your mood in five minutes, according to the experts

GM to invest $4 billion to ramp up US production

High Dad Vibes: Fun Ways to Celebrate Father’s Day with Weed

Sinbad Returns to Acting Five Years After Suffering Major Stroke

Global Variation in Norepinephrine Use for Paediatric Shock

Thunder Federal Launches to Accelerate Government Modernization with AI, Salesforce, and Cloud Innovation

GBTA Foundation Unveils Step-by-Step Transition Pathway to Accelerate Business Travel’s Action Towards Net Zero

Jin Says He’d Love to Collab With Bruno Mars in Puppy Interview