General Motors Lays Off Nearly 1,000 Employees

General Motors (GM) has announced the layoff of nearly 1,000 employees globally as part of its restructuring efforts aimed at improving operational efficiency amid disappointing electric vehicle (EV) sales. The cuts primarily affect salaried positions at GM's Global Technical Center in Warren, Michigan, with a few hourly workers impacted as well. This decision follows a previous round of layoffs in August, where GM eliminated 1,500 jobs in its software division, signaling a shift in the company's approach to its EV strategy, which has not met initial expectations. Additionally, GM is targeting $2 billion in fixed cost savings this year in response to slower consumer adoption and pressures in the market. The automotive industry is also bracing for potential increases in tariffs on foreign vehicles and parts, which could further challenge production costs. GM’s spokesperson emphasized that these changes are vital for the company to remain competitive in the evolving market.