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GM cuts 50% of Cruise staff
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,
Robotaxi company Cruise to lay off half of staff as GM takes full ownership
Cruise, the San Francisco-based autonomous vehicle company that suspended operations in December, is laying off nearly half its staff after General Motors completed a full takeover of the company. GM,
GM cuts 50% of Cruise staff after ending robotaxi business
About 88% of remaining employees are in engineering or related roles, and impacted employees were given 60 days’ notice.
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 ...
Hoodline
8h
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 ...
5d
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 ...
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 ...
18h
on MSN
Ford's BlueCruise Is Outselling GM Super Cruise By A Huge Margin
Like with most GM products, you have to pay up for expensive trims, option packages or both to get Super Cruise. Ford, on the ...
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 ...
1d
on MSN
General Motors acquires full ownership of Cruise autonomous business
General Motors has finalized the complete acquisition of its Cruise autonomous vehicle unit to focus on developing the ...
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