Devara public reaction: Netizens call it 'Baahubali lite version', Jr NTR fans fight back
24-year-old MBA student dies by suicide at IIM Ahmedabad due to...
From Mukesh Ambani, Gautam Adani,...: Big update on wealth of India's richest
Gautam Adani's big move, government to receive Rs 28000000000 from Adani group for...
Kanpur stadium authority hires langurs for India vs Bangladesh 2nd Test; Here's why
IND vs BAN 2nd Test: R Ashwin breaks Anil Kumble's all-time record to become....
Alia Bhatt reveals she has ADHD: What is it? How to deal with it?
India vs Bangladesh 2nd Test: Rain forces early stumps on Day 1, BAN 107/3 in 35 overs
LoP Rahul Gandhi gets parliamentary defence committee, Kangana Ranaut gets IT
Apple Diwali Sale 2024: Massive discounts on MacBook Air, iPhones, iPad, more; what to expect
Choosing 2 Men With Truck Removalists: Convenient And Cost-Effective Option
How Big Data is Used in Film Industry?
Akusoli Shoe Insoles Reviews Customer Critics
Escon Panache Villas: Experience Pinnacle of Luxury Living Through Eyes of Delighted Buyers
Land Records Portals in India: Comprehensive guide to access Land Information Online
Baden Bower Shares Important Tips for EB1A Visa Applicants
Viral Video: Rare giant crocodile-like fish leaves internet in awe and surprise, watch
‘It is all in the air’: SC raps Delhi air quality panel over pollution, stubble burning
UP shocker: Class 2 boy killed over 'tantrik' practices 5 arrested
This employee fired over bizarre reason, rehired after public backlash, check story here…
Jr NTR's Devara makers cut 7-minute scene just 3 days before release due to...
MUDA case: Siddaramaiah refuses to resign as Karnataka CM, says, 'will not...'
Mpox outbreak: Kerala confirms 2nd monkeypox case, man had returned to Ernakulam from...
Another big move by Gautam Adani, his company set to buy stake in...
Railway Minister Ashwini Vaishnaw announces special trains for upcoming festive season
Bhool Bhulaiyaa 3 teaser has Rooh Baba fighting Manjulika, Kartik Aaryan up against Vidya Balan
West Indies legend Dwayne Bravo announces retirement from...
Weather update: IMD issues heavy rainfall warning in 17 states for next three days, check details
In this Indian state, grooms are sent away to their brides' house after marriage, it is...
Malayalam actor Siddique's whereabouts unknown, police intensify search, issue lookout notice
Watch Virat Kohli's gesture when Kanpur ground staff touches his feet, here's viral video
The Big Billion Days Sale 2024: Check dates, offers, best deals on electronics, home appliances
Paracetamol among 53 drugs to fail quality control test: What are the alternatives you can adopt?
Big blow to CSK as Dwayne Bravo part ways, joins this team as...
30-year-old woman collapses at work, dies after manager denies..., company says...
After US, France, UK backs India's bid for permanent UNSC seat
Big blow for BJP as Sunil Jakhar resigns as Punjab chief ahead of Panchayat elections: Report
Bad news for Jr NTR fans, Devara Part 2 has a big update
Husky joins morning aarti, takes social media by storm, internet calls it...; watch viral video
Meet man, an Indian who wanted to become cricketer, now earns Rs 5 crore daily, is married to...
Meet man, who spent over 50 years in jail for murder he never committed, is now set to be...
Earth's 'mini-moon' to be visible from..., here's how you can watch it
PM Modi launches 3 Param Rudra supercomputers: Know features, how these will help India
Salman Khan flaunts his Sikandar biceps, gives glimpse into his fitness regime in viral pic
Virat Kohli needs only 35 runs to break star India cricketer Sachin Tendulkar's world record of...
Mukesh Ambani's Reliance Jio to get tough competition from BSNL as government...
Pakistani actor Darpan, whose brother Santosh was a superstar, reigned the romantic age
Indian mountaineers name peak in Arunachal Pradesh after 6th Dalai Lama, China responds
Anil Ambani rises again, Reliance Group companies becoming debt free, his net worth is...
Meet IAS officer, who can't speak or listen, still aced UPSC in his first attempt with AIR...
Meet man, who leads Rs 7781 crore company, close relative of Mukesh Ambani, has net worth of...
When Nita Ambani shared who she’d date if not her husband, Mukesh Ambani’s response was...
Kanpur weather forecast, India vs Bangladesh 2nd Test: Will rain play spoilsport on Day 1?
Zelenskyy meets Joe Biden, Kamala Harris, discusses Ukraine's 'victory plan'
Meet man, son of closest advisor of Mukesh Ambani’s father, who works in Reliance as…
Grandmaster Gukesh Dommaraju gets Mercedes Benz E-Class as gift, it costs Rs…
Flipkart Big Billion Days: Apple iPhone 15 is available for just Rs....; check how to grab new offer
DNA TV Show: As gold prices hit all-time high, should we invest in yellow metal or shares?
'Why pick up BCCI, settle with them only': SC asks Byju's on Rs 15000 crore debt
NASA’s rover discovers unusual 'Zebra-stripped' rock on...
Mpox outbreak: Centre issues advisory to prevent spread of virus, says, 'minimize risk of...'
Ratan Tata's company inks Rs 91000 crore pact with Taiwan firm to build India's first...
Mukesh Ambani's Reliance teams up with Swedish company, will now sell...
BUSINESS
This decision, which was affirmed on August 19, impacts about 600 employees at GM tech centre in Warren, Michigan
TRENDING NOW
Automobile giant General Motors has declared major downsizing, with well over 1,000 salaried workers to lose their jobs across the world in the Software and Services department. This decision, which was affirmed on August 19, impacts about 600 employees at GM tech centre in Warren, Michigan. The dismissals are part of a restructuring exercise that seeks to cut costs and improve performance in the division.
In a statement, GM noted that the company needed to reduce its complexity to spur speed and quality improvement. “As we chart the future of GM, we need to be brave and target the areas where we will have the most impact,” it said. This restructuring is not only to reduce expenses but also because of the change in leadership and operational reviews after Mike Abbott, the division’s EVP, resigned in March due to health issues.
Abbott was hired from Apple to spearhead GM’s software development efforts as the automaker intensified its efforts on electric vehicles and subscription services. His departure led to a rethink of the division’s structure, headed by Baris Cetinok, and Dave Richardson, both of whom have worked with Apple. The new leadership has decided that some teams in the Software and Services organization which has elements like vehicle infotainment, OnStar services, and GM’s Super Cruise advanced driver-assist system will be slashed.
The dismissals are roughly one percent of the company’s workforce, according to the company’s filing with the US Securities and Exchange Commission. 3% of GM’s global salaried employees, which was 76 000 people at the end of 2023. Those employees who were targeted in the layoffs received the news on the same day that the company’s management made the announcement, a major change within the organization as it faces difficulties in the automobile business.
These job losses come at the backdrop of worries regarding the future of the automotive industry, especially for companies like General Motors that recently had software problems with their Chevy Blazer EV. This vehicle had issues like blank infotainment screens and charging errors. The company had given a stop-sale notice in December as a result of these difficulties, and the notice was withdrawn in March. Furthermore, in January this year, GM decided to cancel the Ultra Cruise program, which is a rival to the Full Self-Driving system by Tesla. This is a sign of the constant reshuffling going on in the company to support its Super Cruise technology.
However, GM has not lost sight of the goal to improve the functions of hands-free driving and is set to boost it by the end of the year 2025. The company’s stock rose marginally after the announcement of the lay-offs, showing that investors have faith in GM’s plans even as it reorganizes.