GM laying off nearly 1,000 workers

•  GM has about 150,000 employees worldwide, with the largest group at its technical center in the Detroit suburb of Warren, Michigan. The company had 76,000 white-collar workers worldwide at the end of last year.

• Chief Financial Officer Paul Jacobson said last month that GM is on track to reach its goal of cutting $2 billion in fixed costs by the end of this year.

• Last April, about 5,000 GM white-collar workers at General Motors took the company’s buyout offers, which the automaker said at the time was enough to avoid layoffs.

General Motors is laying off nearly 1,000 workers worldwide, most in the U.S., as it looks to streamline operations, a source told Reuters on Friday.

GM confirmed in a statement it had made job cuts.

"In order to win in this competitive market, we need to optimize for speed and excellence," the Detroit automaker said. "As part of this continuous effort, we’ve made a small number of team reductions."

The layoffs come as the car company is trying to reposition itself as a leader in electric vehicles and software, which are both costly. GM is aiming to cut $2 billion to $4 billion in losses on EVs next year.
In August, it laid off more than 1,000 workers in its software department as it worked to streamline the team. GM also laid off about 1,700 workers at a Kansas manufacturing plant in September.

One of its most significant reductions was in 2023, when about 5,000 GM salaried workers took buyouts to leave the automaker.