GM Streamlines to Rise: Electric Future Beckons Amid Job Cuts

General Motors has announced nearly 1,000 layoffs, primarily in the U.S., as part of efforts to enhance operational efficiency and focus on electric vehicles. The company aims to cut $2-4 billion in EV-related losses next year, amidst global industry-wide cost-cutting and competition challenges.

General Motors has confirmed layoffs affecting nearly 1,000 workers globally, primarily targeting U.S. operations, as part of a broader strategy to streamline its business operations.

The Detroit-based automotive giant emphasized its need to adapt swiftly in a competitive market, focusing on electric vehicles and software, which demand substantial investment.

This reduction includes 507 positions at GM's tech center in Warren, Michigan, alongside earlier cuts in the software and manufacturing divisions. These efforts are part of a larger industry trend as global automotive players restructure to meet EV profitability amid fierce competition.

(With inputs from agencies.)