Common Motors slashes one other 1,000 jobs to chop prices | TechCrunch

Common Motors is shedding almost 1,000 staff within the U.S. as a part of a cost-cutting bid, simply three months after reducing 1,000 software program jobs.

The corporate instructed TechCrunch that cuts received’t have an effect on hourly staff at any of its factories, however declined to specify what groups had been affected. A major majority of the layoffs had been salaried workers.

“With the intention to win on this aggressive market, we have to optimize for pace and excellence. This consists of working with effectivity, guaranteeing we now have the appropriate crew construction, and specializing in our high priorities as a enterprise,” the corporate mentioned in a press release.

The cuts come at a time when GM and different automakers face the potential for shedding federal subsidies for his or her electrical automobiles — a proposal that newly-elected president Donald Trump has mentioned he’s in favor of, and one which his donor-advisor Elon Musk helps. The automaker is trying to cut losses on its EV efforts by $2 billion to $4 billion in 2025.