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GM’s Cruise to Cut 1,000 Jobs

Detroit Free Press · 18h

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.

Bloomberg on MSN · 19h

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.

TechCrunch · 20h

Cruise to slash workforce by nearly 50% after GM cuts funding to robotaxi operations

Autonomous vehicle company Cruise is laying off “nearly” 50% of its workforce — cuts that extend to the CEO and several other top executives — as it prepares to shut down operations. What remains of Cruise will move under parent company General Motors as the automaker directs its resources towards improving its hands-free driver assistance system Super Cruise — and eventually rolls out personal autonomous vehicles.

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 ...

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 ...

Barchart on MSN19h

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 ...

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 ...

10mon 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 ...

18hon MSN

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.

PCMag on MSN15h

Cruise Robotaxis Are Dead, But Their Tech Will Live On in GM Cars You Can Buy

GM completes its acquisition of Cruise, which means a brutal 50% reduction in workforce. Those remaining will work on ...

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 ...

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

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 ...

American Banker18h

General Motors' GM Financial resubmits ILC application

The finance arm of the Detroit automaker has resubmitted its application for an industrial loan company charter to the ...

2d

GM or Ford: Which Auto Stocks are Most Exposed to Trump’s Tariffs?

Automaker shares led declines on Asian and European stock markets as President Donald Trump imposed 25% tariffs on Mexico and Canada, and 10% ...

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