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Last April, about 5,000 GM white-collar workers at General Motors took the company’s buyout offers, which the automaker said at the time was enough to avoid layoffs. The company offered buyouts ...
Big changes to the global EV market are taking a toll on car companies like Ford and GM. ... Detroit car giant General Motors laid off about 2,000 workers in two rounds of layoffs in August and ...
CEO Elon Musk told employees in a memo in April that the company would cut more than 10% of its global workforce, which totaled 140,473 employees at the end of 2023.
The labor union United Auto Workers (UAW) represents approximately 145,000 automobile workers employed at Ford Motor Company, General Motors, and Stellantis. [14] To achieve its goals, UAW has engaged in strike action; from November 1945 to March 1946, UAW went on strike against General Motors.
In May 2020, TrueCar announced a restructuring of the company, including layoffs of 30% of its workforce. [37] On June 14, 2023, CEO Michael Darrow resigned after leading the company to four straight years of declining financial results. The company's CFO, Jantoon Reigersman took over as CEO and promptly laid off 24% of the company's employees ...
The latest layoffs at Tesla this week cut close to the bone of the EV pioneer’s ... and Tesla was the first car company to realize and execute on it. ... Elon Musk arrives at an event in Los ...
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Job cuts are continuing into 2025 following waves of reductions last year. Companies such as Meta, Microsoft, BlackRock, and BP are conducting layoffs. See the list of companies letting workers go ...