Fri Nov 15 14:00:00 UTC 2024: ## General Motors Cuts Jobs Amid EV Transition

**DETROIT** – General Motors has announced it is laying off approximately 1,000 workers globally, primarily white-collar employees, as part of cost-cutting measures in a competitive automotive market. The company confirmed the layoffs in a statement on Friday, citing the need to “optimize for speed and excellence” and “ensure we have the right team structure.”

The layoffs come as GM, like other automakers, navigates the complex transition to electric vehicles. The company is facing the challenge of balancing investments in EV technology, including battery and assembly plants, with continued development of traditional gas-powered vehicles.

While U.S. new EV sales are growing, the growth rate has slowed down compared to last year. Despite this, EV sales are expected to surpass last year’s record and continue to gain market share.

GM currently employs about 150,000 workers worldwide, with its largest workforce at its technical center in Warren, Michigan. The company had 76,000 white-collar employees globally at the end of 2023.

In a bid to reduce costs, GM has been targeting fixed expenses. Last month, Chief Financial Officer Paul Jacobson stated the company is on track to achieve a $2 billion reduction in fixed costs by the end of 2024.

While GM offered buyouts to certain white-collar workers last April, which resulted in 5,000 employees leaving the company, the possibility of layoffs remained. This latest round of job cuts confirms that the company is taking further steps to streamline its operations.

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