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GM Lay's Off Half of Cruise Workforce
Cruise announces layoffs as GM acquires defunct robotaxi company
Cruise held an all-hands meeting today, in which it announced that GM had acquired full control of the company. A spokesperson for Cruise said 50 percent of the workforce will be laid off. “We are grateful for their passion and contributions to help us reach this stage,
GM Lays Off Half of Cruise Workforce After Pulling the Plug on Robotaxi
General Motors (GM) is laying off around half of the workforce from its discontinued Cruise robotaxi business, following its decision to shut
Cruise lays off half its staff after GM sunsets robotaxi program
Autonomous vehicle company Cruise is laying off around half of its workforce, according to reporting by TechCrunch. The cuts even extend to the CEO and other top executives. This is part of a major restructuring effort by parent company GM that will eventually see a total shutdown of operations.
Hoodline
2h
Cruise Slashes Workforce by Almost 50% Amid Shift in GM's Autonomous Vehicle Strategy
Cruise is laying off about 50% of its workforce, affecting nearly 1,000 employees, as GM shifts focus to other automotive ...
1d
GM cuts 1,000 jobs from Cruise, its abandoned self-driving taxi division
General Motors on Tuesday completed its acquistion of the Cruise autonomous vehicle unit, laying off half the workforce. The ...
4d
on MSN
GM just crushed its earnings report, so why are investors fleeing?
Despite surpassing Wall Street expectations in its most recent earnings report, GM’s stock tumbled amid investor concerns ...
12h
on MSN
Ford's BlueCruise Is Outselling GM Super Cruise By A Huge Margin
Yet Ford has quickly surpassed GM in terms of how many hands-free capable vehicles are on the roads. A lot of this comes down ...
Insider Monkey on MSN
15h
Jim Cramer Calls General Motors (GM) the Cheapest Stock in the S&P
We recently published a list of Jim Cramer Discusses These 10 Stocks & President Trump’s Tariffs. In this article, we are ...
8d
on MSN
GM 2024 bonus checks will be higher than 2023 for some salaried workers: How formula works
An internal document obtained by the Free Press reveals how much more GM will pay out in bonuses to its salaried workforce ...
1d
GM finalizes Cruise acquisition as layoffs loom for workers
General Motors is slashing Cruise's workforce by half after buying out all other remaining shareholders of the autonomous ...
2d
General Motors Cannot Pass All Tariffs Costs Onto Customers
General Motors’ lack of preparedness for tariffs raises concerns. Read why GM stock could face cost pressures that ...
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