Economy Country November 15, 2024

GM Lays Off 1000 Employees Amid Cost-Cutting Efforts

General Motors has laid off approximately 1000 workers on Friday as the automaker seeks to reduce costs amid ongoing economic challenges.


GM Lays Off 1000 Employees Amid Cost-Cutting Efforts

The American automotive company General Motors laid off about 1000 employees on Friday. This action was carried out as part of its measures to reduce expenses.

There has been no official statement from the company's representatives yet. Nevertheless, according to information from an official source, the decision to reduce personnel is related to the need to cut costs.

"We are making difficult decisions to adapt to the changing environment and ensure our long-term competitiveness," said the official statement from the company.

The layoffs affect various divisions of the company across the country. General Motors continues to implement measures to reduce expenditures amid a worsening economic situation.