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GM’s Cruise to Cut 1,000 Jobs
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 1,000 who remain at General Motors will be folded into the company's advanced driver assistance systems engineering, which includes the company’s SuperCruise technology.
GM’s Cruise to Cut 1,000 Jobs as Robotaxi Service Shuts Down
General Motors Co. is cutting almost half of the workforce in the Cruise driverless car unit, according to an internal memo and people familiar with the matter, part of a previously announced plan to halt robotaxi service and absorb the operations into its broader business.
GM cuts 50% of Cruise staff after ending robotaxi business
General Motors is laying off roughly half of the employees who remain at its discontinued Cruise robotaxi business.
GM, Cruise
GM Lays Off Half of Remaining Cruise Workforce Amid Shift in Strategy
The layoffs come two months after GM announced it will focus on developing Cruise's autonomous tech for personal cars, rather than robotaxis.
GM lays off half of Cruise employees as it shifts focus to advanced driver assistance
General Motors Co. is cutting about 50% of the workforce of its former Cruise self-driving car unit just shy of two months after it announced it was shutting the robotaxi arm of Cruise and absorbing the company’s technology into its general development of advanced drive assistance systems.
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.
12h
GM takes full control of Cruise in autonomous personal vehicle shift
GM said on Tuesday it had completed the full acquisition of its Cruise business to focus on developing autonomous technology ...
21h
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 ...
GM Authority
2h
GM Expects Return To Profitability In China In 2025
GM is aiming to restore its profitability in the Chinese market in 2025 after facing three consecutive quarters of losses and ...
Hosted on MSN
19h
Buy the Dip in General Motors (GM)? That’s Exactly What the Data Says.
A quick glance at the headlines doesn’t seem to offer much solace for investors of automotive giant General Motors (GM). The ...
1d
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
General Motors (NYSE:GM) sheds 13% this week, as yearly returns fall more in line with earnings growth
The General Motors Company ( NYSE:GM ) share price has had a bad week, falling 13%. But the silver lining is the ...
51m
on MSN
General Motors’ robotaxi unit lays off half of its staff, including CEO and CTO
General Motors’ Cruise will lay off about 1,000 employees, including CEO Marc Whitten, as it shifts focus from robotaxi to ...
cbtnews
20h
General Motors expands EV vision through GM Energy initiative
GM is redefining the role of EVs, turning them into more than just a mode of transportation through its GM Energy initiative.
1d
on MSN
Is General Motors Company (GM) the Best EV Battery Stock to Buy in 2025?
We recently published a list of 12 Best EV Battery Stocks to Buy in 2025. In this article, we are going to take a look at ...
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